Docs in Progress Inc

Analysis

Docs in Progress Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Docs in Progress Inc reported income of $726k and spending of $725k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $726k (+178%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Docs in Progress Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include While Were Still Here ($726k), Kitten Krazy Inc ($726k) and US National Ski Hall of Fame and Museum Inc ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $40k (5.5% of expenses). Other salaries and wages came to $60k. At year end it held assets of $314k against liabilities of $222k, net assets of $92k. It reported 4 employees.