Fayette Progressive Industries Inc

Analysis

Fayette Progressive Industries Inc is a registered charity in United States, based in Washington C H, OH. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Fayette Progressive Industries Inc reported income of $700k and spending of $853k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $903k to $700k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fayette Progressive Industries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($699k), Community Information Now ($700k) and Sustaining Way ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 6.9% of the total. Other salaries and wages came to $603k. At year end it held assets of $99k against liabilities of $10k, net assets of $89k. It reported 50 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.