Progressive Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 939,233 | 918,538 | 20,695 | -5.0 | 33% |
| 2021 | 1,449,117 | 923,630 | 525,487 | 1.9 | 36% |
| 2022 | 1,280,469 | 1,028,594 | 251,875 | 4.6 | 34% |
| 2023 | 1,165,259 | 1,090,242 | 75,017 | 5.2 | 29% |
In its most recent public year (2023), this organization brought in $75,017 more than it spent. Its reserves stood at about 5.2 months of spending, up from -5 in 2020. Staff pay was 29% of spending. $120,872 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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