Village of Progress Foundation Inc

Analysis

Village of Progress Foundation Inc is a registered charity in United States, based in Oregon, IL. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 Foundation Inc reported income of $354k and spending of $197k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $354k (+15%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Village of Progress Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Stockton Seahawks Swim Club Inc ($354k), Pro-Life Pregancy Counseling & Educational League of San Diego ($354k) and Yellowstone County 4-H Council ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.4m against liabilities of $136k, net assets of $1.3m.