Progress Of Peoples Management Corp
Progress Of Peoples Management Corp shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 112555060 · Brooklyn, NY · NTEE: L20B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4,266,078 |
| Net Assets | $6.3M |
| Transparency Score | 90/100 |
Is Progress Of Peoples Management Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Progress Of Peoples Management Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Progress Of Peoples Management Corp
Progress Of Peoples Management Corp (EIN: 112555060) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20B. The organization reported total revenue of $4.3M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progress Of Peoples Management Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progress Of Peoples Management Corp is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$498K |
| Total Assets | $6.6M |
| Total Liabilities | $340K |
| Net Assets | $6.3M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2023, Progress Of Peoples Management Corp reported a surplus of $498K with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Progress Of Peoples Management Corp's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.6% | +66.6% | +11.0% |
| 2022 | -38.0% | +26.0% | +0.4% |
| 2021 | +63.5% | +14.5% | +5.7% |
| 2020 | +1.6% | +2.1% | +82.0% |
| 2019 | +4.7% | -10.6% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1946 |
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 Progress Of Peoples Management Corp with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Progress Of Peoples Management Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $498K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or key employees. This is highly unusual for an organization of this size (latest revenue $4,266,078) and suggests a strong commitment to directing all funds towards its mission.
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 Progress Of Peoples Management Corp's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Progress Of Peoples Management Corp:
- Consistent revenue growth over the past decade, from $1.9 million in 2014 to $4.8 million in 2023.
- Significant asset growth, increasing from $2.5 million in 2014 to $6.6 million in 2023.
- Substantial reduction in liabilities, from $3.2 million in 2014 to $340,336 in 2023.
- Reported 0% officer compensation across all filings, indicating strong mission focus and efficient use of funds.
- Consistent operating surplus, demonstrating sound financial management.
Frequently Asked Questions about Progress Of Peoples Management Corp
Is Progress Of Peoples Management Corp a legitimate charity?
Progress Of Peoples Management Corp (EIN: 112555060) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Progress Of Peoples Management Corp spend its money?
Progress Of Peoples Management Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Progress Of Peoples Management Corp tax-deductible?
Progress Of Peoples Management Corp is registered as a tax-exempt nonprofit (EIN: 112555060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Progress Of Peoples Management Corp CEO make?
Progress Of Peoples Management Corp's highest-compensated officer earns $4,266,078 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Progress Of Peoples Management Corp's spending goes to programs?
Progress Of Peoples Management Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Progress Of Peoples Management Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Progress Of Peoples Management Corp is above average for NTEE category L20B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Progress Of Peoples Management Corp located?
Progress Of Peoples Management Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 112555060. It is classified under NTEE code L20B.
How many years of IRS 990 filings does Progress Of Peoples Management Corp have?
Progress Of Peoples Management Corp 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 $4.3M in total revenue.
Is Progress Of Peoples Management Corp a good charity?
Based on the available IRS 990 data, Progress Of Peoples Management Corp appears to be a financially sound organization with consistent revenue, growing assets, and significantly reduced liabilities. The reported 0% officer compensation is a strong positive indicator of mission focus. However, without detailed expense breakdowns (program, admin, fundraising), a complete assessment of spending efficiency is not possible from the provided data.
How has the organization's financial health changed over time?
The organization's financial health has generally improved. Revenue has shown an upward trend, from $1.9 million in 2014 to $4.8 million in 2023. Assets have grown substantially from $2.5 million in 2014 to $6.6 million in 2023, while liabilities have significantly decreased from $3.2 million in 2014 to $340,336 in 2023, indicating a stronger balance sheet.
What is the trend in their expenses relative to revenue?
Expenses have generally increased in line with revenue growth. For example, in 2023, revenue was $4,886,229 and expenses were $4,388,718, resulting in a surplus. In 2022, revenue was $2,815,063 and expenses were $2,634,728. The organization consistently operates with a surplus, indicating good financial management.
Filing History
IRS 990 filing history for Progress Of Peoples Management Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Progress Of Peoples Management Corp's revenue has grown by 205.4%, moving from $1.6M to $4.9M. Total assets increased by 1035.2% over the same period, from $583K to $6.6M. Total functional expenses rose by 270%, from $1.2M to $4.4M. In its most recent filing year (2023), Progress Of Peoples Management Corp reported a surplus of $498K, with revenue exceeding expenses. The organization holds $340K in liabilities against $6.6M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.4M | $6.6M | $340K | — | View 990 |
| 2022 | $2.8M | $2.6M | $6.0M | $183K | — | View 990 |
| 2021 | $4.5M | $2.1M | $5.9M | $342K | — | — |
| 2020 | $2.8M | $1.8M | $5.6M | $2.5M | — | View 990 |
| 2019 | $2.7M | $1.8M | $3.1M | $881K | — | View 990 |
| 2018 | $2.6M | $2.0M | $2.4M | $1.2M | — | View 990 |
| 2017 | $2.5M | $1.8M | $2.3M | $1.7M | — | — |
| 2016 | $2.0M | $1.6M | $1.7M | $1.7M | — | View 990 |
| 2015 | $1.9M | $1.7M | $1.6M | $2.1M | — | View 990 |
| 2014 | $1.9M | $1.4M | $2.6M | $3.3M | — | View 990 |
| 2013 | $1.9M | $1.4M | $1.9M | $3.1M | — | View 990 |
| 2012 | $1.8M | $1.5M | $1.2M | $2.8M | — | View 990 |
| 2011 | $1.6M | $1.2M | $583K | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.4M, and assets of $6.6M (revenue +73.6% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.6M, and assets of $6.0M (revenue -38.0% year-over-year).
- 2021: Revenue of $4.5M, expenses of $2.1M, and assets of $5.9M (revenue +63.5% year-over-year).
- 2020: Revenue of $2.8M, expenses of $1.8M, and assets of $5.6M (revenue +1.6% year-over-year).
- 2019: Revenue of $2.7M, expenses of $1.8M, and assets of $3.1M (revenue +4.7% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.0M, and assets of $2.4M (revenue +4.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.8M, and assets of $2.3M (revenue +27.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.6M, and assets of $1.7M (revenue +1.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $1.6M (revenue +0.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.4M, and assets of $2.6M (revenue +3.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.4M, and assets of $1.9M (revenue +4.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $1.2M (revenue +12.0% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $583K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progress Of Peoples Management Corp:
Data Sources and Methodology
This transparency report for Progress Of Peoples Management Corp 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.