Community Progress Incorporated

Analysis

Community Progress Incorporated is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in January 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Community Progress Incorporated reported income of $559k and spending of $633k, spending 113% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $629k to $559k (-11%), an average of -2.3% a year. The sharpest change came in the year to September 2024, when income dropped by 45%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Progress Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include A Wish Come True Inc ($559k), Support for Prison Ministries ($559k) and Leadership Delaware Inc ($559k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $83k (13% of expenses). Other salaries and wages came to $132k. At year end it held assets of $1.0m against liabilities of $519k, net assets of $507k. It reported 5 employees.