Progressive Eldercare Services Morrilton Inc

Analysis

Progressive Eldercare Services Morrilton Inc is a registered charity in United States, based in Morrilton, AR. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Progressive Eldercare Services Morrilton Inc reported income of $222k and spending of $24k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $222k (-96%), an average of -54% a year. The sharpest change came in the year to December 2023, when income rose by 45738%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Eldercare Services Morrilton Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include Asian American Store Ownrers Association of South Carolina Inc ($222k), Humans for Good ($222k) and Alabama Hands & Voices ($222k).

At year end it held assets of $413k against liabilities of $713k, net assets of -$299k.