Progressive Enterprise Development

Analysis

Progressive Enterprise Development is a registered charity in United States, based in Jamestown, KY. It received its IRS tax-exemption ruling in October 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Progressive Enterprise Development reported income of $65k and spending of $1,948, leaving 97% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $37k to $65k (+74%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 14% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Progressive Enterprise Development sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Ocean View Farms Inc ($65k), Kimmies of the Bahl Beljeemer ($65k) and Run Around the Square ($65k).

At year end it held assets of $1.3m against liabilities of $199, net assets of $1.3m.