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Rhode Island · Public charity

Providence Revolving Fund

To preserve the architectural heritage of providence and stimulate community revitalization through advocacy, lending and development in historic areas.

$132k
Granted FY2021
10
Itemized grants FY2021
10
Organizations funded FY2021
100%
First-time grantees FY2021
Read the full brief
Itemized, FY2021
$105k
The rest is grants the schedule does not break out
Median grant, FY2021
$6,007
Largest grant, FY2021
$26,151
Organizations funded a year
3 to 10
FY2018 to FY2021
Total assets, FY2021
$22M

How open it is to new grantees

In FY2021, 100% of the organizations Providence Revolving Fund funded were first-time grantees, receiving 100% of its grant dollars.

The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY202110$105k100%
FY20183$30kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2021.

Food & Nutrition$105kCommunity Improvement$25kEmployment$5k

Top grantees

Largest recipients by total granted, FY2018 to FY2021, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Hm Ventures Group 8 LLC$20,0001n/a
Magna Spirits Inc$5,0001n/a
Bookworm Associates LLC$5,0001n/a

Plus 10 recipients with no EIN on record ($105k), not named here.

Compare Providence Revolving Fund with peer funders

About Providence Revolving Fund

How much does Providence Revolving Fund give?
Providence Revolving Fund reported 10 itemized grants totaling $105,270, out of $132,004 in total grant expense reported on the return in its FY2021 IRS filing. It funded between 3 and 10 organizations a year over FY2018 to FY2021.
What does Providence Revolving Fund fund?
By grant dollars over FY2018 to FY2021, its largest causes are Food & Nutrition (78%), Community Improvement (18%), Employment (4%).
Who are Providence Revolving Fund's largest grantees?
By total granted over FY2018 to FY2021: Hm Ventures Group 8 LLC ($20k), Magna Spirits Inc ($5k), Bookworm Associates LLC ($5k).
Does Providence Revolving Fund fund new organizations?
In FY2021, 100% of the organizations it funded were first-time grantees.
Where is Providence Revolving Fund based?
Providence Revolving Fund is based in RI.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 13 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2021, released 2021. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2025) is on record and reports no grant expense, so the figures above are from FY2021, the most recent year this funder made grants.

Source object · view filing

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More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home