Progressive Social Services Inc

Analysis

Progressive Social Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Progressive Social Services Inc reported income of $956k and spending of $718k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $956k (+190%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Progressive Social Services Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Baltimore Alliance for Careers in Healthcare Inc ($956k), Vho Inc ($956k) and Cocaine Anonymous World Service Office Incorporated ($956k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $637k. At year end it held assets of $460k against liabilities of $35k, net assets of $426k. It reported 22 employees.