Progress with Practice Inc

Analysis

Progress with Practice Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Progress with Practice Inc reported income of $299k and spending of $318k, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $279k to $299k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Progress with Practice Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within DE. Charities of a similar size with the same main cause include St Thomas Day School Inc ($299k), Belvedere-Tiburon Library Foundation ($299k) and Hey Neighbor ($299k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $157k. At year end it held assets of $74k against liabilities of $103k, net assets of -$29k. It reported 14 employees.