Progress Center Inc

Analysis

Progress Center Inc is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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, Progress Center Inc reported income of $2.3m and spending of $1.4m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+2.0%), an average of +0.5% a year. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Progress Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Idaho ($2.3m), Central New York Ronald McDonald House Charities Inc ($2.3m) and Haven ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $106k (7.5% of expenses). Other salaries and wages came to $777k. At year end it held assets of $5.9m against liabilities of $76k, net assets of $5.8m. It reported 35 employees.