Progress Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,129,291 | 1,471,988 | 657,303 | 24.2 | 69% |
| 2021 | 2,093,500 | 1,205,059 | 888,441 | 39.2 | 73% |
| 2022 | 2,307,062 | 1,258,338 | 1,048,724 | 44.8 | 66% |
| 2023 | 2,257,223 | 1,414,459 | 842,764 | 49.1 | 62% |
In its most recent public year (2023), this organization brought in $842,764 more than it spent. Its reserves stood at about 49.1 months of spending, up from 24.2 in 2020. Staff pay was 62% of spending. $34 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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