Is The Progress Center Inc Legit?

The Progress Center Inc. demonstrates a consistent operational history with revenues generally exceeding expenses in most periods, indicating a stable financial footing. For instance, in 202106, revenue was $8,658,268 against expenses of $7,381,980, showing a surplus. However, the most recent filing (202306) shows expenses of $6,882,260 exceeding revenue of $6,279,395, which warrants monitoring. The organization's assets have shown growth over the past decade, from $2,392,724 in 201406 to $4,380,937 in 202306, suggesting prudent financial management and asset accumulation. Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation, indicating that resources are directed towards programs and operational needs rather than high executive salaries. While specific program spending percentages are not provided in the raw data, the absence of officer compensation is a positive indicator of efficiency. The organization's NTEE code P82 (Services for the Developmentally Disabled) suggests a clear program focus. Transparency is generally good given the consistent filing of IRS 990s over 13 periods. The consistent reporting of 0% officer compensation is a strong indicator of transparency regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency and transparency in these areas is limited. The fluctuation in liabilities, such as the increase from $1,114,015 in 202106 to $1,420,040 in 202306, is a point to observe.