Progressive Education & Research Associates Inc
EIN: 61020143 · New Haven, CT · NTEE: R19
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $41K |
| Net Assets | $155K |
Is Progressive Education & Research Associates Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progressive Education & Research Associates Inc
Progressive Education & Research Associates Inc (EIN: 61020143) is a nonprofit organization based in New Haven, CT, classified under NTEE code R19. The organization reported total revenue of $39K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progressive Education & Research Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progressive Education & Research Associates Inc is a micro nonprofit that has been operating for 2 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $41K |
| Surplus / Deficit | $-426 |
| Total Assets | $155K |
| Net Assets | $155K |
| Operating Margin | -1.0% |
| Months of Reserves | 45.0 months |
Financial Health Grade: B
In 2023, Progressive Education & Research Associates Inc reported a deficit of $426 with expenses exceeding revenue, holds 45.0 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Progressive Education & Research Associates Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | +0.7% | -0.4% |
| 2022 | +64.0% | +33.8% | +0.6% |
| 2021 | -71.7% | -65.9% | -3.3% |
| 2020 | +320.9% | +205.3% | -2.4% |
| 2019 | -69.7% | -16.8% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progressive Education & Research Associates 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 Progressive Education & Research Associates 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 $426, with expenses exceeding revenue.
Frequently Asked Questions about Progressive Education & Research Associates Inc
Is Progressive Education & Research Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Progressive Education & Research Associates Inc (EIN: 61020143) insufficient data. 0 red flags identified, 0 strengths noted.
How does Progressive Education & Research Associates Inc spend its money?
Detailed spending breakdown data is not yet available for Progressive Education & Research Associates Inc. Check back for updated IRS 990 analysis.
Are donations to Progressive Education & Research Associates Inc tax-deductible?
Progressive Education & Research Associates Inc is registered as a tax-exempt nonprofit (EIN: 61020143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progressive Education & Research Associates Inc located?
Progressive Education & Research Associates Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61020143. It is classified under NTEE code R19.
How many years of IRS 990 filings does Progressive Education & Research Associates Inc have?
Progressive Education & Research Associates Inc has 7 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 $39K in total revenue.
Filing History
IRS 990 filing history for Progressive Education & Research Associates Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Progressive Education & Research Associates Inc's revenue has declined by 61.8%, moving from $107K to $41K. Total assets decreased by 15.8% over the same period, from $185K to $155K. Total functional expenses rose by 14.6%, from $36K to $41K. In its most recent filing year (2023), Progressive Education & Research Associates Inc reported a deficit of $426, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $41K | $155K | $0 | — | View 990 |
| 2022 | $42K | $41K | $156K | $201 | — | — |
| 2021 | $26K | $31K | $155K | $203 | — | — |
| 2020 | $91K | $90K | $160K | $203 | — | — |
| 2019 | $22K | $30K | $164K | $5K | — | — |
| 2018 | $71K | $35K | $173K | $5K | — | View 990 |
| 2017 | $107K | $36K | $185K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $41K, and assets of $155K (revenue -2.6% year-over-year).
- 2022: Revenue of $42K, expenses of $41K, and assets of $156K (revenue +64.0% year-over-year).
- 2021: Revenue of $26K, expenses of $31K, and assets of $155K (revenue -71.7% year-over-year).
- 2020: Revenue of $91K, expenses of $90K, and assets of $160K (revenue +320.9% year-over-year).
- 2019: Revenue of $22K, expenses of $30K, and assets of $164K (revenue -69.7% year-over-year).
- 2018: Revenue of $71K, expenses of $35K, and assets of $173K (revenue -33.7% year-over-year).
- 2017: Revenue of $107K, expenses of $36K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progressive Education & Research Associates Inc:
Data Sources and Methodology
This transparency report for Progressive Education & Research Associates 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.