Progressive Multiplier Fund

Analysis

Progressive Multiplier Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Progressive Multiplier Fund reported income of $2.6m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $818k to $2.6m (+218%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 233%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Progressive Multiplier Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Undies for Everyone ($2.6m), Bergin College of Canine Studies ($2.6m) and Housing TR Fund of Santa Barbara County Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $218k (12% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.3m against liabilities of $14k, net assets of $1.3m. It reported 5 employees.