Local Progress Policy Institute

Analysis

Local Progress Policy Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 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 (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, Local Progress Policy Institute reported income of $7.5m and spending of $4.9m, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.8m to $7.5m (+172%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local Progress Policy Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Northern Kentucky University Foundation Inc ($7.5m), University Lake School Inc ($7.5m) and Westside Foundation ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $217k (4.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.3m against liabilities of $221k, net assets of $7.1m. It reported 24 employees.