Progreso Latino Progress Alliance
EIN: 455042646 · Seattle, WA · NTEE: P84
| Metric | Value |
|---|---|
| Total Revenue | $937K |
| Total Expenses | $80K |
| Net Assets | $769K |
Is Progreso Latino Progress Alliance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progreso Latino Progress Alliance
Progreso Latino Progress Alliance (EIN: 455042646) is a nonprofit organization based in Seattle, WA, classified under NTEE code P84. The organization reported total revenue of $937K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progreso Latino Progress Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progreso Latino Progress Alliance is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of -33.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $80K |
| Surplus / Deficit | +$34K |
| Total Assets | $778K |
| Total Liabilities | $9K |
| Net Assets | $769K |
| Operating Margin | 30.0% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 117.4 months |
Financial Health Grade: A
In 2022, Progreso Latino Progress Alliance reported a surplus of $34K with revenue exceeding expenses, holds 117.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 3 years of filings (2020–2022), Progreso Latino Progress Alliance's revenue has declined at a compound annual growth rate (CAGR) of -33.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -84.6% | -82.7% | +5.9% |
| 2021 | +185.6% | +842.6% | +59.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progreso Latino Progress Alliance 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 Progreso Latino Progress Alliance 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Progreso Latino Progress Alliance
Is Progreso Latino Progress Alliance a legitimate charity?
Progreso Latino Progress Alliance (EIN: 455042646) is a registered tax-exempt nonprofit based in Washington. It has 3 years of IRS 990 filings on record. Total revenue: $937K. No red flags identified. Financial health grade: A.
How does Progreso Latino Progress Alliance spend its money?
Progreso Latino Progress Alliance reported $937K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Progreso Latino Progress Alliance tax-deductible?
Progreso Latino Progress Alliance is registered as a tax-exempt nonprofit (EIN: 455042646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progreso Latino Progress Alliance located?
Progreso Latino Progress Alliance is headquartered in Seattle, Washington and files with the IRS under EIN 455042646. It is classified under NTEE code P84.
How many years of IRS 990 filings does Progreso Latino Progress Alliance have?
Progreso Latino Progress Alliance 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 $937K in total revenue.
Filing History
IRS 990 filing history for Progreso Latino Progress Alliance showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Progreso Latino Progress Alliance's revenue has declined by 55.9%, moving from $258K to $114K. Total assets increased by 69.4% over the same period, from $459K to $778K. Total functional expenses rose by 62.6%, from $49K to $80K. In its most recent filing year (2022), Progreso Latino Progress Alliance reported a surplus of $34K, with revenue exceeding expenses. The organization holds $9K in liabilities against $778K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $769K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $114K | $80K | $778K | $9K | — | View 990 |
| 2021 | $737K | $461K | $735K | $0 | — | View 990 |
| 2020 | $258K | $49K | $459K | $529 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $114K, expenses of $80K, and assets of $778K (revenue -84.6% year-over-year).
- 2021: Revenue of $737K, expenses of $461K, and assets of $735K (revenue +185.6% year-over-year).
- 2020: Revenue of $258K, expenses of $49K, and assets of $459K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progreso Latino Progress Alliance:
Data Sources and Methodology
This transparency report for Progreso Latino Progress Alliance 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.