Progress Michigan Education

Analysis

Progress Michigan Education is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Michigan Education reported income of $702k and spending of $1.0m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $702k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income rose by 396%. 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 Michigan Education 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 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Villa Garcia Inc ($702k), Tri-County Speaks ($702k) and Connelly Dream Center ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $96k (9.6% of expenses). Other salaries and wages came to $683k. At year end it held assets of $888k against liabilities of $55k, net assets of $833k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.