Progress Resources Incorporated

Analysis

Progress Resources Incorporated is a registered charity in United States, based in Waynesburg, PA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Progress Resources Incorporated reported income of $204k and spending of $227k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $385k to $204k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 59%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Progress Resources Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Norman Moore Ministries ($204k), Carolina Place Inc ($204k) and PTA New Jersey Congress of Parents & Teachers ($204k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $75k (33% of expenses). At year end it held assets of $566k against liabilities of $0, net assets of $566k.