Progressive Steps Inc

Analysis

Progressive Steps Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 2020, 6 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 December 2023, Progressive Steps Inc reported income of $132k and spending of $183k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $132k (+129%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Progressive Steps Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OK. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($132k), Little League Baseball Inc ($132k) and Allison Hill Community Ministry ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $12k. It paid $200 in professional fundraising fees. At year end it held assets of $101k against liabilities of $14k, net assets of $87k. It reported 1 employees.