Colombia Progresa Corporation
Colombia Progresa Corporation shows volatile financial performance with fluctuating revenues and assets over the past decade.
EIN: 141860461 · Bethesda, MD · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $291K |
| Program Spending | 80% |
| Net Assets | $225K |
| Transparency Score | 65/100 |
Is Colombia Progresa Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colombia Progresa Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colombia Progresa Corporation
Colombia Progresa Corporation (EIN: 141860461) is a nonprofit organization based in Bethesda, MD, classified under NTEE code B92. The organization reported total revenue of $248K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colombia Progresa Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colombia Progresa Corporation is a small nonprofit that has been operating for 23 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $437K |
| Total Expenses | $291K |
| Surplus / Deficit | +$145K |
| Total Assets | $226K |
| Total Liabilities | $575 |
| Net Assets | $225K |
| Operating Margin | 33.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2021, Colombia Progresa Corporation reported a surplus of $145K with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Colombia Progresa Corporation's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +25.7% | -13.8% | +182.7% |
| 2020 | -5.3% | -44.9% | +13.2% |
| 2019 | -15.3% | +236.0% | -77.8% |
| 2018 | -1.4% | -59.8% | +344.6% |
| 2017 | -30.9% | -29.5% | -14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colombia Progresa Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Colombia Progresa Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are likely uncompensated or compensated through non-officer channels, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Colombia Progresa Corporation's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial planning challenging.
- Significant decline in assets from 2021 ($225,848) to the latest reported period ($60,558).
- Multiple years with substantial operating deficits (e.g., 2019, 2012).
Strengths
The following positive indicators were identified for Colombia Progresa Corporation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings (11 filings), demonstrating commitment to transparency.
- Periods of strong financial performance with significant surpluses (e.g., 2021, 2018).
Frequently Asked Questions about Colombia Progresa Corporation
Is Colombia Progresa Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Colombia Progresa Corporation (EIN: 141860461) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Colombia Progresa Corporation spend its money?
Colombia Progresa Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colombia Progresa Corporation tax-deductible?
Colombia Progresa Corporation is registered as a tax-exempt nonprofit (EIN: 141860461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Colombia Progresa Corporation's spending goes to programs?
Colombia Progresa Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colombia Progresa Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Colombia Progresa Corporation is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colombia Progresa Corporation located?
Colombia Progresa Corporation is headquartered in Bethesda, Maryland and files with the IRS under EIN 141860461. It is classified under NTEE code B92.
How many years of IRS 990 filings does Colombia Progresa Corporation have?
Colombia Progresa Corporation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $248K in total revenue.
Why are assets significantly lower in the latest period ($60,558) compared to 2021 ($225,848) and 2018 ($317,564)?
The provided data shows a substantial decrease in assets from $225,848 in 2021 to $60,558 in the latest period, and from a peak of $317,564 in 2018. This decline could be due to significant expenditures, investment losses, or a strategic decision to liquidate assets, and warrants further investigation into the organization's balance sheet.
What caused the large expense spikes in 2019 ($614,044) and 2012 ($528,234) relative to revenue?
In 2019, expenses were $614,044 against revenue of $367,090, and in 2012, expenses were $528,234 against revenue of $127,236. These significant deficits suggest either large, one-time program expenditures, unexpected operational costs, or a failure to meet fundraising targets in those specific years.
How does Colombia Progresa Corporation sustain operations with such volatile financial results?
The organization has experienced both surpluses and significant deficits over the years. Sustaining operations likely relies on careful management of cash flow, potentially drawing on reserves during lean years (though assets have also fluctuated) or securing short-term funding to cover operational gaps. The consistent 0% officer compensation may also contribute to lower fixed costs.
Filing History
IRS 990 filing history for Colombia Progresa Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Colombia Progresa Corporation's revenue has grown by 320.5%, moving from $104K to $437K. Total assets decreased by 64.3% over the same period, from $633K to $226K. Total functional expenses fell by 32.9%, from $435K to $291K. In its most recent filing year (2021), Colombia Progresa Corporation reported a surplus of $145K, with revenue exceeding expenses. The organization holds $575 in liabilities against $226K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $225K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $437K | $291K | $226K | $575 | — | View 990 |
| 2020 | $348K | $338K | $80K | $0 | — | View 990 |
| 2019 | $367K | $614K | $71K | $0 | — | View 990 |
| 2018 | $434K | $183K | $318K | $0 | — | View 990 |
| 2017 | $440K | $455K | $71K | $0 | — | — |
| 2016 | $636K | $645K | $83K | $0 | — | View 990 |
| 2015 | $80K | $97K | $93K | $0 | — | View 990 |
| 2014 | $195K | $221K | $113K | $0 | — | View 990 |
| 2013 | $308K | $384K | $131K | $0 | — | View 990 |
| 2012 | $127K | $528K | $233K | $0 | — | View 990 |
| 2011 | $104K | $435K | $633K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $437K, expenses of $291K, and assets of $226K (revenue +25.7% year-over-year).
- 2020: Revenue of $348K, expenses of $338K, and assets of $80K (revenue -5.3% year-over-year).
- 2019: Revenue of $367K, expenses of $614K, and assets of $71K (revenue -15.3% year-over-year).
- 2018: Revenue of $434K, expenses of $183K, and assets of $318K (revenue -1.4% year-over-year).
- 2017: Revenue of $440K, expenses of $455K, and assets of $71K (revenue -30.9% year-over-year).
- 2016: Revenue of $636K, expenses of $645K, and assets of $83K (revenue +699.8% year-over-year).
- 2015: Revenue of $80K, expenses of $97K, and assets of $93K (revenue -59.2% year-over-year).
- 2014: Revenue of $195K, expenses of $221K, and assets of $113K (revenue -36.7% year-over-year).
- 2013: Revenue of $308K, expenses of $384K, and assets of $131K (revenue +142.1% year-over-year).
- 2012: Revenue of $127K, expenses of $528K, and assets of $233K (revenue +22.5% year-over-year).
- 2011: Revenue of $104K, expenses of $435K, and assets of $633K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colombia Progresa Corporation:
Data Sources and Methodology
This transparency report for Colombia Progresa Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.