Progress with Chess Inc

Analysis

Progress with Chess Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Progress with Chess Inc reported income of $717k and spending of $597k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $717k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Progress with Chess 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 76th percentile within OH. Charities of a similar size with the same main cause include Transform Mid-Atlantic Inc ($717k), Panhandle Alliance for Education Inc ($717k) and Sandpoint Community Christian School ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $63k (10% of expenses). Other salaries and wages came to $105k. At year end it held assets of $394k against liabilities of $25k, net assets of $369k. It reported 4 employees.