Progressive Employment Concepts Inc

Analysis

Progressive Employment Concepts Inc is a registered charity in United States, based in Citrus HTS, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Progressive Employment Concepts Inc reported income of $3.3m and spending of $3.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progressive Employment Concepts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Adoption Connection Pa ($3.3m), Canning Hunger Inc ($3.3m) and Soundwaves Art Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $103k (3.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.6m against liabilities of $233k, net assets of $1.4m. It reported 71 employees.