Social Progess Imperative Inc

Analysis

Social Progess Imperative Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Social Progess Imperative Inc reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.1m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Social Progess Imperative Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Boston Biostatistics Research FDN Inc ($1.1m), Redlands Symphony Association ($1.1m) and Museum of Contemporary Art Arlington ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $390k (28% of expenses). Other salaries and wages came to $218k. At year end it held assets of $316k against liabilities of $81k, net assets of $235k. It reported 5 employees.