Village of Progress Inc

Analysis

Village of Progress Inc is a registered charity in United States, based in Oregon, IL. It received its IRS tax-exemption ruling in April 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Village of Progress Inc reported income of $3.5m and spending of $2.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.5m (+13%), an average of +3.2% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village of Progress Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Margaret Fuller-Neighborhood House Inc ($3.5m), Family Services of Southeast Texas Inc ($3.5m) and National Cares Mentoring Movement Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $219k (7.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.5m against liabilities of $162k, net assets of $3.3m. It reported 159 employees.