Progress House Inc

Analysis

Progress House Inc is a registered charity in United States, based in Placerville, CA. It received its IRS tax-exemption ruling in January 1979, 47 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 House Inc reported income of $3.8m and spending of $2.7m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.8m (+96%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Progress House Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Cheyenne Regional Medical Center Foundation ($3.8m), American Friends Shamir Medical Center ($3.8m) and Medical Solutions Ministries Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $125k (4.6% of expenses). At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.1m. It reported 31 employees.