El Progreso Library

Analysis

El Progreso Library is a registered charity in United States, based in Uvalde, TX. It received its IRS tax-exemption ruling in July 1955, 71 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, El Progreso Library reported income of $2.0m and spending of $701k, leaving 66% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $413k to $2.0m (+393%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 196%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Progreso Library sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Bal Swan Childrens Center ($2.0m), Bishops College School Foundation ($2.0m) and Richfield Residential Hall School Board Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $244k. At year end it held assets of $5.1m against liabilities of $253k, net assets of $4.9m. It reported 9 employees.