Progress Foundation

Analysis

Progress Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Progress Foundation reported income of $28.5m and spending of $28.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.6m to $28.5m (+11%), an average of +2.7% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Progress Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include St Claire Real Properties Inc ($28.5m), Carle Eureka Hospital ($28.5m) and Loretto Management Corporation ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $563k (2.0% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $24.6m against liabilities of $18.5m, net assets of $6.1m. It reported 602 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.