Progressive Eldercare Services Inc

Analysis

Progressive Eldercare Services Inc is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Progressive Eldercare Services Inc reported income of $1.1m and spending of $1.6m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.1m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Progressive Eldercare Services Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within AR. Charities of a similar size with the same main cause include Asrt Foundation ($1.1m), Simply Graced ($1.1m) and Club Nova Community Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of -$26k against liabilities of $331k, net assets of -$357k.