Progressive Lifestyles Inc

Analysis

Progressive Lifestyles Inc is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in August 1984, 42 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 September 2023, Progressive Lifestyles Inc reported income of $14.9m and spending of $14.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.6m to $14.9m (+74%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Lifestyles 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 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Memorial Assistance Ministries Inc ($14.9m), Day Care Council of New York Inc ($14.9m) and Hippocrates Health Institute Inc ($14.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $135k (0.9% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $3.9m against liabilities of $2.2m, net assets of $1.7m. It reported 245 employees.