How We Use Our Funds
We respect the right of our donors to know how their money is being spent to further the Providence House's mission.The Providence House receives funding from a variety of sources: State and Federal public funding; corporate contributions, foundation grants and individual donors. Although we do get public funding, it is never enough to provide the diversified services desperately needed by individuals who find themselves homeless but wish to reclaim their lives. The majority of the public contracts we receive do not cover the operational costs— utilities, food, maintenance, staff and security— of our organization, and in many instances, we cannot sustain these public grants without matching them with support from the private sector, making your contributions critical to the success of the Providence House and its mission to break the cycle of homelessness.
Providence House is a 501(c)(3) not-for-profit organization registered with the Internal Revenue Service/ Department of the Treasury. Therefore, your donations are tax-deductible to the fullest extent permitted by applicable law. As a donor, you receive an acknowledgment that includes a confirmation of your donation for your tax records.
We are proud to report that the Providence House earns high marks from those agencies whose job it is to monitor the activities of nonprofit organizations. According to the BBB Wise Giving Alliance, nonprofit organizations should spend at least 65 percent of their total expenses on program activities, with remaining funds going to administrative and fundraising expenses.
The Providence House organization continues to meet and exceed these minimum standards with 84 percent of our total annual expenses going directly to program services for residents.
Download the following documents for more detailed financial data on the Providence House.