Progressive Healthcare Providers Inc

Analysis

Progressive Healthcare Providers Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in October 1995, 31 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Progressive Healthcare Providers Inc reported income of $15.1m and spending of $15.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $15.1m (+8.7%), an average of +2.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Progressive Healthcare Providers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Florida Sheriffs Association ($15.0m), Nebraska Early Childhood Collaborative ($15.1m) and Bell Socialization Services Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10.1m. At year end it held assets of $4.0m against liabilities of $1.4m, net assets of $2.6m. It reported 494 employees.