Progressive Steps

Analysis

Progressive Steps is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in August 2013, 13 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 June 2023, Progressive Steps reported income of $572k and spending of $634k, spending 111% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $495k to $572k (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Steps sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Neighborhood Depot Inc ($572k), Somerville Hispanic Association for Community Development Inc ($572k) and Angel Care Child Care Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (19% of expenses). Other salaries and wages came to $103k. At year end it held assets of $330k against liabilities of $558k, net assets of -$228k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.