Progressive Housing Solutions Corporation

Analysis

Progressive Housing Solutions Corporation is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Progressive Housing Solutions Corporation reported income of $509k and spending of $249k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $509k (+904%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 280%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Progressive Housing Solutions Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Senior Affordable Housing Corp No 4 ($509k), Utah Association of Realtors Housing Opportunity Fund ($509k) and Healthy Homes Coalition of Westmichigan ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 19% of the total. At year end it held assets of $178k against liabilities of $830, net assets of $177k.