Progressive Maryland Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 289,752 | 219,516 | 70,236 | 10.3 | 35% |
| 2021 | 404,555 | 356,162 | 48,393 | 7.9 | 57% |
| 2022 | 819,204 | 468,829 | 350,375 | 15.0 | 31% |
| 2023 | 287,634 | 621,422 | −333,788 | 4.8 | 58% |
In its most recent public year (2023), this organization spent $333,788 more than it brought in. Its reserves stood at about 4.8 months of spending, down from 10.3 in 2020. Staff pay was 58% of spending. $6,667 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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