Progress Unity Fund

Analysis

Progress Unity Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Progress Unity Fund reported income of $798k and spending of $473k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $798k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 447%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Progress Unity Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Rise for Autism Inc ($798k), The Parc ($798k) and Bargains and Blessings ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $40k. At year end it held assets of $2.3m against liabilities of $110k, net assets of $2.2m. It reported 1 employees.