Progress Industries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 12,806,962 | 12,797,859 | 9,103 | 0.4 | 63% |
| 2013 | 13,239,853 | 12,819,173 | 420,680 | 0.8 | 64% |
| 2014 | 11,956,134 | 11,939,550 | 16,584 | 0.9 | 61% |
| 2015 | 12,444,311 | 12,434,524 | 9,787 | 0.9 | 62% |
| 2016 | 12,785,789 | 12,785,457 | 332 | 0.9 | 62% |
| 2017 | 12,731,547 | 13,153,004 | −421,457 | 0.5 | 62% |
| 2018 | 12,841,234 | 12,826,833 | 14,401 | 0.5 | 63% |
| 2019 | 11,444,282 | 10,571,729 | 872,553 | 1.6 | 66% |
| 2020 | 11,055,529 | 11,005,452 | 50,077 | 1.6 | 66% |
| 2021 | 14,123,825 | 12,031,800 | 2,092,025 | 3.5 | 65% |
| 2022 | 12,560,187 | 12,093,078 | 467,109 | 4.0 | 63% |
| 2023 | 12,941,724 | 12,757,698 | 184,026 | 3.9 | 63% |
In its most recent public year (2023), this organization brought in $184,026 more than it spent. Its reserves stood at about 3.9 months of spending, up from 0.4 in 2012. Staff pay was 63% of spending. $19,500 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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