Progress Apartments Inc

Analysis

Progress Apartments Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 1993, 33 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 2024, Progress Apartments Inc reported income of $215k and spending of $206k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $173k to $215k (+24%), an average of +4.5% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Progress Apartments Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include I Cantori Di New York Inc ($215k), Junior Auxillary of Jonesboro Arkansas Inc ($215k) and Little League Baseball Inc ($215k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $33k. At year end it held assets of $327k against liabilities of $476k, net assets of -$149k.