S S C Progression Corp

Analysis

S S C Progression Corp is a registered charity in United States, based in Bay St Louis, MS. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 2023, S S C Progression Corp reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S S C Progression Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Arc of Harrisonburg and Rockingham Inc ($1.1m), The Minnesota Daily ($1.1m) and James Storehouse Incorporated ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $157k. At year end it held assets of $8.2m against liabilities of $8,980, net assets of $8.2m.