Progressive Enterprise Development
EIN: 611326860 · Jamestown, KY · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $107K |
| Total Expenses | $2K |
| Net Assets | $1.3M |
Is Progressive Enterprise Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progressive Enterprise Development
Progressive Enterprise Development (EIN: 611326860) is a nonprofit organization based in Jamestown, KY, classified under NTEE code S20. The organization reported total revenue of $107K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progressive Enterprise Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progressive Enterprise Development is a small nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $2K |
| Surplus / Deficit | +$63K |
| Total Assets | $1.3M |
| Total Liabilities | $199 |
| Net Assets | $1.3M |
| Operating Margin | 97.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7865.0 months |
Financial Health Grade: A
In 2024, Progressive Enterprise Development reported a surplus of $63K with revenue exceeding expenses, holds 7865.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Progressive Enterprise Development's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +33.5% | +2.1% | +5.2% |
| 2023 | -7.9% | -46.5% | +4.0% |
| 2022 | -26.5% | +90.1% | +4.4% |
| 2021 | +41.6% | -94.1% | +7.6% |
| 2020 | +36.3% | +703.0% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progressive Enterprise Development 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 Enterprise Development 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Progressive Enterprise Development
Is Progressive Enterprise Development a legitimate charity?
Progressive Enterprise Development (EIN: 611326860) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $107K. No red flags identified. Financial health grade: A.
How does Progressive Enterprise Development spend its money?
Progressive Enterprise Development reported $107K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Progressive Enterprise Development tax-deductible?
Progressive Enterprise Development is registered as a tax-exempt nonprofit (EIN: 611326860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progressive Enterprise Development located?
Progressive Enterprise Development is headquartered in Jamestown, Kentucky and files with the IRS under EIN 611326860. It is classified under NTEE code S20.
How many years of IRS 990 filings does Progressive Enterprise Development have?
Progressive Enterprise Development has 14 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 $107K in total revenue.
Filing History
IRS 990 filing history for Progressive Enterprise Development showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Progressive Enterprise Development's revenue has declined by 19.7%, moving from $81K to $65K. Total assets increased by 54.6% over the same period, from $826K to $1.3M. Total functional expenses fell by 64.8%, from $6K to $2K. In its most recent filing year (2024), Progressive Enterprise Development reported a surplus of $63K, with revenue exceeding expenses. The organization holds $199 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $65K | $2K | $1.3M | $199 | — | — |
| 2023 | $49K | $2K | $1.2M | $199 | — | View 990 |
| 2022 | $53K | $4K | $1.2M | $199 | — | View 990 |
| 2021 | $72K | $2K | $1.1M | $199 | — | — |
| 2020 | $51K | $32K | $1.0M | $199 | — | View 990 |
| 2019 | $37K | $4K | $1.0M | $199 | — | View 990 |
| 2018 | $46K | $0 | $986K | $199 | — | View 990 |
| 2017 | $63K | $6K | $949K | $199 | — | — |
| 2016 | $-61,540 | $378 | $892K | $199 | — | View 990 |
| 2015 | $34K | $369 | $954K | $199 | — | View 990 |
| 2014 | $-31,427 | $357 | $919K | $199 | — | View 990 |
| 2013 | $58K | $74 | $951K | $199 | — | View 990 |
| 2012 | $68K | $642 | $893K | $489 | — | View 990 |
| 2011 | $81K | $6K | $826K | $199 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $65K, expenses of $2K, and assets of $1.3M (revenue +33.5% year-over-year).
- 2023: Revenue of $49K, expenses of $2K, and assets of $1.2M (revenue -7.9% year-over-year).
- 2022: Revenue of $53K, expenses of $4K, and assets of $1.2M (revenue -26.5% year-over-year).
- 2021: Revenue of $72K, expenses of $2K, and assets of $1.1M (revenue +41.6% year-over-year).
- 2020: Revenue of $51K, expenses of $32K, and assets of $1.0M (revenue +36.3% year-over-year).
- 2019: Revenue of $37K, expenses of $4K, and assets of $1.0M (revenue -18.9% year-over-year).
- 2018: Revenue of $46K, expenses of $0, and assets of $986K (revenue -27.0% year-over-year).
- 2017: Revenue of $63K, expenses of $6K, and assets of $949K.
- 2016: Revenue of $-61,540, expenses of $378, and assets of $892K (revenue -282.2% year-over-year).
- 2015: Revenue of $34K, expenses of $369, and assets of $954K.
- 2014: Revenue of $-31,427, expenses of $357, and assets of $919K (revenue -154.1% year-over-year).
- 2013: Revenue of $58K, expenses of $74, and assets of $951K (revenue -14.4% year-over-year).
- 2012: Revenue of $68K, expenses of $642, and assets of $893K (revenue -16.3% year-over-year).
- 2011: Revenue of $81K, expenses of $6K, and assets of $826K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progressive Enterprise Development:
Data Sources and Methodology
This transparency report for Progressive Enterprise Development 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.