Progress Unlimited Inc

Analysis

Progress Unlimited Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in January 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 June 2023, Progress Unlimited Inc reported income of $14.8m and spending of $13.4m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.0m to $14.8m (+14%), an average of +4.4% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progress Unlimited 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 95th percentile within MD. Charities of a similar size with the same main cause include The San Francisco Particular Council of the Society of St ($14.8m), Kingsbridge Heights Community Center Inc ($14.8m) and Young Mens Christian Association of Delaware County ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $358k (2.7% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $12.0m against liabilities of $6.0m, net assets of $6.0m. It reported 336 employees.