Citizens for Progress Inc

Analysis

Citizens for Progress Inc is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Citizens for Progress Inc reported income of $242k and spending of $237k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $290k to $242k (-17%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens for Progress Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Pilipino Bayanihan Resource Center ($242k), NGLCC Foundation ($242k) and Oregon Acte Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $88k (37% of expenses). At year end it held assets of $32k against liabilities of $0, net assets of $32k. It reported 1 employees.