United Progress Inc

Analysis

United Progress Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2021, United Progress Inc reported income of $870k and spending of $824k, spending 95% of its income. Across the 3 years on record, from September 2019 to September 2021, income fell from $928k to $870k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Progress Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Crossroads Community Food Network Inc ($870k), Barnabas Network ($870k) and Ramona Food and Clothes Closet Inc ($870k).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $149k (18% of expenses). Other salaries and wages came to $281k. At year end it held assets of $166k against liabilities of $512k, net assets of -$346k. It reported 6 employees.