Partners for Progress Inc

Analysis

Partners for Progress Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Partners for Progress Inc reported income of $802k and spending of $420k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $594k to $802k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 1918%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partners for Progress Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Edgewood Seniors Preservation Corporation ($802k), Immokalee Fair Housing Alliance ($803k) and Re-Build Foundation Inc ($802k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 25% of the total. Other salaries and wages came to $124k. At year end it held assets of $12.5m against liabilities of $5.8m, net assets of $6.6m. It reported 4 employees.