Local Progress Policy Institute
EIN: 863590543 · Washington, DC · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $4.9M |
| Net Assets | $7.1M |
Is Local Progress Policy Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Progress Policy Institute
Local Progress Policy Institute (EIN: 863590543) is a nonprofit organization based in Washington, DC, classified under NTEE code B01. The organization reported total revenue of $9.6M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Progress Policy Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Progress Policy Institute is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 65.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $7.3M |
| Total Liabilities | $221K |
| Net Assets | $7.1M |
| Operating Margin | 34.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Local Progress Policy Institute reported a surplus of $2.6M with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Local Progress Policy Institute's revenue has grown at a compound annual growth rate (CAGR) of 65.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.9% | +26.5% | +59.7% |
| 2022 | +101.9% | +38418.0% | +65.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Progress Policy Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local Progress Policy Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Local Progress Policy Institute
Is Local Progress Policy Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Progress Policy Institute (EIN: 863590543) insufficient data. 0 red flags identified, 0 strengths noted.
How does Local Progress Policy Institute spend its money?
Detailed spending breakdown data is not yet available for Local Progress Policy Institute. Check back for updated IRS 990 analysis.
Are donations to Local Progress Policy Institute tax-deductible?
Local Progress Policy Institute is registered as a tax-exempt nonprofit (EIN: 863590543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Progress Policy Institute located?
Local Progress Policy Institute is headquartered in Washington, Washington DC and files with the IRS under EIN 863590543. It is classified under NTEE code B01.
How many years of IRS 990 filings does Local Progress Policy Institute have?
Local Progress Policy Institute has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $9.6M in total revenue.
Filing History
IRS 990 filing history for Local Progress Policy Institute showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Local Progress Policy Institute's revenue has grown by 172.4%, moving from $2.8M to $7.5M. Total assets increased by 165% over the same period, from $2.8M to $7.3M. Total functional expenses rose by 48606.7%, from $10K to $4.9M. In its most recent filing year (2023), Local Progress Policy Institute reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $221K in liabilities against $7.3M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $4.9M | $7.3M | $221K | — | — |
| 2022 | $5.6M | $3.9M | $4.6M | $116K | — | View 990 |
| 2021 | $2.8M | $10K | $2.8M | $394 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $4.9M, and assets of $7.3M (revenue +34.9% year-over-year).
- 2022: Revenue of $5.6M, expenses of $3.9M, and assets of $4.6M (revenue +101.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $10K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Progress Policy Institute:
Data Sources and Methodology
This transparency report for Local Progress Policy Institute 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.