Progress in Education Inc

Analysis

Progress in Education Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Progress in Education Inc reported income of $9.8m and spending of $9.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $9.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Progress in Education Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Cheder Chabad-Monsey ($9.8m), Hollydell Inc ($9.8m) and New Los Angeles Charter School ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $6.0m against liabilities of $811k, net assets of $5.2m. It reported 157 employees.