Progress Michigan Education
EIN: 260900874 · Lansing, MI · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $1.0M |
| Net Assets | $833K |
Is Progress Michigan Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progress Michigan Education
Progress Michigan Education (EIN: 260900874) is a nonprofit organization based in Lansing, MI, classified under NTEE code W99. The organization reported total revenue of $3.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progress Michigan Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progress Michigan Education is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $702K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-302,794 |
| Total Assets | $888K |
| Total Liabilities | $55K |
| Net Assets | $833K |
| Operating Margin | -43.1% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2023, Progress Michigan Education reported a deficit of $303K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Progress Michigan Education's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.1% | -35.2% | -23.8% |
| 2022 | +81.5% | -65.7% | -15.3% |
| 2021 | -92.3% | -38.3% | -72.9% |
| 2020 | +395.6% | +421.3% | +263.7% |
| 2019 | +263.5% | +56.9% | +280.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progress Michigan Education 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 Progress Michigan Education 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 deficit of $303K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Frequently Asked Questions about Progress Michigan Education
Is Progress Michigan Education a legitimate charity?
Progress Michigan Education (EIN: 260900874) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. No red flags identified. Financial health grade: B.
How does Progress Michigan Education spend its money?
Progress Michigan Education reported $3.9M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Progress Michigan Education tax-deductible?
Progress Michigan Education is registered as a tax-exempt nonprofit (EIN: 260900874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progress Michigan Education located?
Progress Michigan Education is headquartered in Lansing, Michigan and files with the IRS under EIN 260900874. It is classified under NTEE code W99.
How many years of IRS 990 filings does Progress Michigan Education have?
Progress Michigan Education has 13 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 $3.9M in total revenue.
Filing History
IRS 990 filing history for Progress Michigan Education showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Progress Michigan Education's revenue has declined by 5.5%, moving from $743K to $702K. Total assets increased by 74.7% over the same period, from $508K to $888K. Total functional expenses rose by 151.1%, from $400K to $1.0M. In its most recent filing year (2023), Progress Michigan Education reported a deficit of $303K, with expenses exceeding revenue. The organization holds $55K in liabilities against $888K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $833K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $702K | $1.0M | $888K | $55K | — | — |
| 2022 | $1.5M | $1.6M | $1.2M | $29K | — | View 990 |
| 2021 | $842K | $4.5M | $1.4M | $216K | — | View 990 |
| 2020 | $11.0M | $7.3M | $5.1M | $240K | — | View 990 |
| 2019 | $2.2M | $1.4M | $1.4M | $225K | — | View 990 |
| 2018 | $610K | $896K | $368K | $9K | — | View 990 |
| 2017 | $811K | $585K | $651K | $7K | — | View 990 |
| 2016 | $570K | $370K | $423K | $4K | — | View 990 |
| 2015 | $517K | $682K | $219K | $0 | — | View 990 |
| 2014 | $563K | $330K | $406K | $23K | — | View 990 |
| 2013 | $140K | $302K | $164K | $13K | — | View 990 |
| 2012 | $347K | $537K | $317K | $4K | — | View 990 |
| 2011 | $743K | $400K | $508K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $702K, expenses of $1.0M, and assets of $888K (revenue -54.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $1.2M (revenue +81.5% year-over-year).
- 2021: Revenue of $842K, expenses of $4.5M, and assets of $1.4M (revenue -92.3% year-over-year).
- 2020: Revenue of $11.0M, expenses of $7.3M, and assets of $5.1M (revenue +395.6% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.4M, and assets of $1.4M (revenue +263.5% year-over-year).
- 2018: Revenue of $610K, expenses of $896K, and assets of $368K (revenue -24.7% year-over-year).
- 2017: Revenue of $811K, expenses of $585K, and assets of $651K (revenue +42.3% year-over-year).
- 2016: Revenue of $570K, expenses of $370K, and assets of $423K (revenue +10.1% year-over-year).
- 2015: Revenue of $517K, expenses of $682K, and assets of $219K (revenue -8.1% year-over-year).
- 2014: Revenue of $563K, expenses of $330K, and assets of $406K (revenue +301.2% year-over-year).
- 2013: Revenue of $140K, expenses of $302K, and assets of $164K (revenue -59.6% year-over-year).
- 2012: Revenue of $347K, expenses of $537K, and assets of $317K (revenue -53.3% year-over-year).
- 2011: Revenue of $743K, expenses of $400K, and assets of $508K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progress Michigan Education:
Data Sources and Methodology
This transparency report for Progress Michigan Education 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.