The Progressives-Harambe Inc NFP

Analysis

The Progressives-Harambe Inc NFP is a registered charity in United States, based in Westmont, IL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, The Progressives-Harambe Inc NFP reported income of $95k and spending of $76k, leaving 20% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $48k to $95k (+99%), an average of +99% a year. The sharpest change came in the year to May 2024, when income rose by 99%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Progressives-Harambe Inc NFP sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Neuse River Bridge Run ($95k), Memorial Community Hospital Foundation Corporation ($95k) and Sullivan South Area Community Chest ($95k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 7.4% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.