Progress for Good Inc

Analysis

Progress for Good Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Progress for Good Inc reported income of $273k and spending of $304k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $363k to $273k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Progress for Good Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Nexus Trust ($273k), Parent Booster USA Inc ($273k) and Oula Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $31k (10% of expenses). At year end it held assets of $142k against liabilities of $145k, net assets of -$2,605. It reported 1 employees.