Macon Program for Progress Inc

Analysis

Macon Program for Progress Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Macon Program for Progress Inc reported income of $7.8m and spending of $7.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $7.8m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Macon Program for Progress Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Broc-Community Action in Southwestern Vermont ($7.8m), Repair the World Inc ($7.8m) and Life House ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $182k (2.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.0m against liabilities of $552k, net assets of $3.4m. It reported 150 employees.