Progressive Housing Inc

Analysis

Progressive Housing Inc is a registered charity in United States, based in Olympia FLDS, IL. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Progressive Housing Inc reported income of $17.7m and spending of $16.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $17.7m (+33%), an average of +7.5% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Housing Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Hinds County Human Resource Agency ($17.7m), Berkshire Family and Individual Resources Inc ($17.7m) and Clarendon Early Education Services Inc ($17.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $566k (3.4% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $10.5m against liabilities of $814k, net assets of $9.6m. It reported 407 employees.