Progress Okc A Community Development Corporation Inc
EIN: 811435304 · Oklahoma City, OK · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $562K |
| Total Expenses | $423K |
| Net Assets | $483K |
Is Progress Okc A Community Development Corporation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progress Okc A Community Development Corporation Inc
Progress Okc A Community Development Corporation Inc (EIN: 811435304) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code S30. The organization reported total revenue of $562K and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progress Okc A Community Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progress Okc A Community Development Corporation Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $423K |
| Surplus / Deficit | $-252,739 |
| Total Assets | $1.3M |
| Total Liabilities | $807K |
| Net Assets | $483K |
| Operating Margin | -148.2% |
| Debt-to-Asset Ratio | 62.6% |
| Months of Reserves | 36.6 months |
Financial Health Grade: C
In 2023, Progress Okc A Community Development Corporation Inc reported a deficit of $253K with expenses exceeding revenue, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 62.6% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Progress Okc A Community Development Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.2% | -11.7% | +33.6% |
| 2022 | -89.9% | +63.6% | -28.4% |
| 2021 | -29.5% | -67.0% | +82.1% |
| 2020 | +306.0% | +150.9% | +61.4% |
| 2019 | -62.8% | -59.2% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progress Okc A Community Development Corporation Inc 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 Okc A Community Development Corporation Inc 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 $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.6%.
Frequently Asked Questions about Progress Okc A Community Development Corporation Inc
Is Progress Okc A Community Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Progress Okc A Community Development Corporation Inc (EIN: 811435304) insufficient data. 0 red flags identified, 0 strengths noted.
How does Progress Okc A Community Development Corporation Inc spend its money?
Detailed spending breakdown data is not yet available for Progress Okc A Community Development Corporation Inc. Check back for updated IRS 990 analysis.
Are donations to Progress Okc A Community Development Corporation Inc tax-deductible?
Progress Okc A Community Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 811435304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progress Okc A Community Development Corporation Inc located?
Progress Okc A Community Development Corporation Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 811435304. It is classified under NTEE code S30.
How many years of IRS 990 filings does Progress Okc A Community Development Corporation Inc have?
Progress Okc A Community Development Corporation Inc has 8 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 $562K in total revenue.
Filing History
IRS 990 filing history for Progress Okc A Community Development Corporation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Progress Okc A Community Development Corporation Inc's revenue has grown by 67.9%, moving from $102K to $171K. Total assets increased by 1397.9% over the same period, from $86K to $1.3M. Total functional expenses rose by 2641.4%, from $15K to $423K. In its most recent filing year (2023), Progress Okc A Community Development Corporation Inc reported a deficit of $253K, with expenses exceeding revenue. The organization holds $807K in liabilities against $1.3M in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $483K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $423K | $1.3M | $807K | — | — |
| 2022 | $88K | $479K | $966K | $230K | — | View 990 |
| 2021 | $870K | $293K | $1.3M | $222K | — | — |
| 2020 | $1.2M | $887K | $741K | $191K | — | — |
| 2019 | $304K | $353K | $459K | $256K | — | View 990 |
| 2018 | $817K | $867K | $438K | $185K | — | View 990 |
| 2017 | $268K | $52K | $497K | $195K | — | View 990 |
| 2016 | $102K | $15K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $423K, and assets of $1.3M (revenue +94.2% year-over-year).
- 2022: Revenue of $88K, expenses of $479K, and assets of $966K (revenue -89.9% year-over-year).
- 2021: Revenue of $870K, expenses of $293K, and assets of $1.3M (revenue -29.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $887K, and assets of $741K (revenue +306.0% year-over-year).
- 2019: Revenue of $304K, expenses of $353K, and assets of $459K (revenue -62.8% year-over-year).
- 2018: Revenue of $817K, expenses of $867K, and assets of $438K (revenue +204.4% year-over-year).
- 2017: Revenue of $268K, expenses of $52K, and assets of $497K (revenue +164.2% year-over-year).
- 2016: Revenue of $102K, expenses of $15K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progress Okc A Community Development Corporation Inc:
Data Sources and Methodology
This transparency report for Progress Okc A Community Development Corporation Inc 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.