Progress North Carolina Action
EIN: 452862217 · Raleigh, NC · NTEE: W20
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $1.7M |
| Net Assets | $133K |
Is Progress North Carolina Action Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progress North Carolina Action
Progress North Carolina Action (EIN: 452862217) is a nonprofit organization based in Raleigh, NC, classified under NTEE code W20. The organization reported total revenue of $10.5M and total assets of $898K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progress North Carolina Action's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progress North Carolina Action is a large nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-18,667 |
| Total Assets | $137K |
| Total Liabilities | $4K |
| Net Assets | $133K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2022, Progress North Carolina Action reported a deficit of $19K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Progress North Carolina Action's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +761.6% | +416.8% | -10.4% |
| 2021 | -89.6% | -79.6% | -46.1% |
| 2020 | +350.7% | +302.9% | +1235.3% |
| 2019 | -47.3% | -53.1% | -31.2% |
| 2018 | +186.2% | +251.2% | -57.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progress North Carolina Action 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 North Carolina Action 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Progress North Carolina Action
Is Progress North Carolina Action a legitimate charity?
Progress North Carolina Action (EIN: 452862217) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $10.5M. No red flags identified. Financial health grade: C.
How does Progress North Carolina Action spend its money?
Progress North Carolina Action reported $10.5M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Progress North Carolina Action tax-deductible?
Progress North Carolina Action is registered as a tax-exempt nonprofit (EIN: 452862217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progress North Carolina Action located?
Progress North Carolina Action is headquartered in Raleigh, North Carolina and files with the IRS under EIN 452862217. It is classified under NTEE code W20.
How many years of IRS 990 filings does Progress North Carolina Action have?
Progress North Carolina Action 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 $10.5M in total revenue.
Filing History
IRS 990 filing history for Progress North Carolina Action showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Progress North Carolina Action's revenue has grown by 689.5%, moving from $209K to $1.6M. Total assets increased by 78% over the same period, from $77K to $137K. Total functional expenses rose by 671.5%, from $216K to $1.7M. In its most recent filing year (2022), Progress North Carolina Action reported a deficit of $19K, with expenses exceeding revenue. The organization holds $4K in liabilities against $137K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $133K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.6M | $1.7M | $137K | $4K | — | View 990 |
| 2021 | $191K | $323K | $153K | $2K | — | View 990 |
| 2020 | $1.8M | $1.6M | $284K | $2K | — | — |
| 2019 | $410K | $393K | $21K | $2K | — | View 990 |
| 2018 | $777K | $838K | $31K | $29K | — | View 990 |
| 2017 | $271K | $239K | $73K | $9K | — | View 990 |
| 2016 | $336K | $414K | $42K | $11K | — | View 990 |
| 2015 | $185K | $140K | $118K | $9K | — | View 990 |
| 2014 | $249K | $191K | $72K | $9K | — | View 990 |
| 2013 | $140K | $205K | $14K | $9K | — | View 990 |
| 2012 | $209K | $216K | $77K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $137K (revenue +761.6% year-over-year).
- 2021: Revenue of $191K, expenses of $323K, and assets of $153K (revenue -89.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $284K (revenue +350.7% year-over-year).
- 2019: Revenue of $410K, expenses of $393K, and assets of $21K (revenue -47.3% year-over-year).
- 2018: Revenue of $777K, expenses of $838K, and assets of $31K (revenue +186.2% year-over-year).
- 2017: Revenue of $271K, expenses of $239K, and assets of $73K (revenue -19.2% year-over-year).
- 2016: Revenue of $336K, expenses of $414K, and assets of $42K (revenue +81.2% year-over-year).
- 2015: Revenue of $185K, expenses of $140K, and assets of $118K (revenue -25.5% year-over-year).
- 2014: Revenue of $249K, expenses of $191K, and assets of $72K (revenue +77.9% year-over-year).
- 2013: Revenue of $140K, expenses of $205K, and assets of $14K (revenue -32.9% year-over-year).
- 2012: Revenue of $209K, expenses of $216K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progress North Carolina Action:
Data Sources and Methodology
This transparency report for Progress North Carolina Action 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.