Progressive Eldercare Services Cleveland Inc

Analysis

Progressive Eldercare Services Cleveland Inc is a registered charity in United States, based in Rison, AR. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Cleveland Inc reported income of $78k and spending of $217k, spending 277% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $739k to $78k (-89%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Progressive Eldercare Services Cleveland Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within AR. Charities of a similar size with the same main cause include Parc Place Inc ($78k), Independence Place Inc ($78k) and Echols Place II Corporation ($78k).

At year end it held assets of $74k against liabilities of $757k, net assets of -$682k.

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.