Progressive Housing of Putnam County Inc

Analysis

Progressive Housing of Putnam County Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Progressive Housing of Putnam County Inc reported income of $322k and spending of $282k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $314k to $322k (+2.7%), an average of +0.7% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Housing of Putnam County Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Patchogue-Medford Youth Services ($322k), New Hope Counseling Center ($322k) and Polybydesign ($322k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $48k. At year end it held assets of $440k against liabilities of $15k, net assets of $425k.