Rhode Island · Nonprofit
PROVIDENCE REVOLVING FUND
PROVIDENCE REVOLVING FUND (Rhode Island) receives grants from 7 organizations whose IRS filings report $298,654 to it, the largest being 1772 FOUNDATION INC ($185,000). 3 of them have funded it in more than one year.
- Revenue FY2025
- $4.8M
- Funders on record
- 7
- Grants received
- $299k
- Net assets
- $11M
What Providence Revolving Fund does
Mission
To preserve the architectural heritage of providence and stimulate community revitalization through advocacy, lending and development in historic areas.
As stated on its FY2025 Form 990.
Programs
Neighborhood loan program - the neighborhood loan fund is comprised of restricted funds from such contributors as the rhode island historical preservation and commission, city home funding, the unitarian universalist association, and prf assets. The fund provides financing to homeowners with homes that are over 50 years old to repair their properties. The program offers loans up to $50,000 for exterior repair/renovation/preservation. Loans are available for both owner occupied and rental properties. Our loans are designed to meet the financial capacity of the borrower with flexible terms. Twelve new loans to owner-occupied residential homes were closed for house restorations in providence, totaling $562,573 of investment.
$1,029,247 spent$699,887 earned by the program100% of program spendingOpportunity investment fund:prf launched the opportunity investment fund in 2019 to attract and pool private and public capital for affordable homeownership and rental housing projects undertaken by individual owners, non-profit cdcs, and larger for-profit developers. Qualified projects may include but are not limited to new construction or rehab of multifamily projects with or without low-income housing tax credits (lihtc); infill housing, redevelopment, or other cdc-sponsored projects that are responsive to neighborhood needs. Our lending goals for this program are to stimulate property redevelopment in underinvested neighborhoods, to facilitate opportunities for lmi households to live in areas of high opportunity and to incentivize forprofit developers to participate in filling the need for affordable units, especially for those serving households between 60%-140% of ami.
Providence micro-business loan program:prf staff works closely with residents and business owners and continued to do so during the stay at home orders. As the governor announced plans for reopening and released guidelines, we heard that many of the businesses especially minority and women owned businesses are concerned about being able to reopen. These corridors are the hearts of their neighborhoods. They are where people shop, where they work and where they meet their neighbors. Providence Revolving Fund has capitalized a revolving loan fund to provide small loans to micro-businesses located on or near commercial corridors in providence. Thirty percent (30%) of the fund will set aside for women/minority owned businesses. It provides loans of $500-$5,000 to businesses with 10 or fewer ftes, earnings of $250,000 or less. All borrowers are required to participate in a one-on-one small business coaching session. A total of 18 loans were made for $165,000; 85% were minority and women owned businesses.
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $1,029,247.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $13M to $5.7M (−57%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
78% of PROVIDENCE REVOLVING FUND’s revenue is contributions — more donation-reliant than the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $60k → $25k.
2 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $410k from 3 payers (the payer shares this organization's board, largest United Way of Rhode Island Inc). These are real filings, and they are not money PROVIDENCE REVOLVING FUND raised.
From the IRS filings of PROVIDENCE REVOLVING FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROVIDENCE REVOLVING FUND leans on a few funders — its largest provides 62% of grant income and the top three 95%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
26% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROVIDENCE REVOLVING FUND.
Largest funder’s share by year: 2019 100% · 2020 81% · 2021 100% · 2022 98% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
PROVIDENCE REVOLVING FUND draws 88% of its grant income from funders outside Rhode Island, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $75k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROVIDENCE REVOLVING FUND runs a healthier operating margin than three-quarters of the 3,230 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025
Government funding PROVIDENCE REVOLVING FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.7M on record.
- Department of the Treasury$3.7M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PROVIDENCE REVOLVING FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Rhode Island
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Prf Development Company LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for PROVIDENCE REVOLVING FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROVIDENCE REVOLVING FUND?
- PROVIDENCE REVOLVING FUND (Rhode Island) receives grants from 7 organizations whose IRS filings report $298,654 to it, the largest being 1772 FOUNDATION INC ($185,000). 3 of them have funded it in more than one year.
- How many funders does PROVIDENCE REVOLVING FUND have?
- IRS filings report 7 organizations giving $298,654 in grants to PROVIDENCE REVOLVING FUND, 3 of which have funded it in more than one year.
- Who is the largest funder of PROVIDENCE REVOLVING FUND?
- 1772 FOUNDATION INC is the largest funder on record, with $185,000 in grants. The full list of funders is on this page.
- How can an organization like PROVIDENCE REVOLVING FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing