Progress Texas
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 381,129 | 420,625 | −39,496 | -5.7 | 19% |
| 2021 | 215,983 | 177,346 | 38,637 | -11.0 | 26% |
| 2022 | 158,900 | 96,523 | 62,377 | -12.5 | 34% |
In its most recent public year (2022), this organization brought in $62,377 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-12.5 months), down from -5.7 in 2020. Staff pay was 34% of spending.
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 2022. 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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