Progressive Maryland Eduction Fund Inc
EIN: 30401249 · Upper Marlboro, MD · NTEE: B03
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Net Assets | $1.5M |
Is Progressive Maryland Eduction Fund 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 Maryland Eduction Fund Inc
Progressive Maryland Eduction Fund Inc (EIN: 30401249) is a nonprofit organization based in Upper Marlboro, MD, classified under NTEE code B03. The organization reported total revenue of $1.5M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progressive Maryland Eduction Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progressive Maryland Eduction Fund Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$113K |
| Total Assets | $1.6M |
| Total Liabilities | $88K |
| Net Assets | $1.5M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Progressive Maryland Eduction Fund Inc reported a surplus of $113K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Progressive Maryland Eduction Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.0% | +35.2% | +16.2% |
| 2022 | +335.5% | +92.2% | +40.7% |
| 2021 | -2.6% | +7.6% | +544.6% |
| 2020 | +58.1% | -2.6% | +22.0% |
| 2019 | -6.4% | +46.2% | -35.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Progressive Maryland Eduction Fund 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 Maryland Eduction Fund 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 surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Frequently Asked Questions about Progressive Maryland Eduction Fund Inc
Is Progressive Maryland Eduction Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Progressive Maryland Eduction Fund Inc (EIN: 30401249) insufficient data. 0 red flags identified, 0 strengths noted.
How does Progressive Maryland Eduction Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Progressive Maryland Eduction Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Progressive Maryland Eduction Fund Inc tax-deductible?
Progressive Maryland Eduction Fund Inc is registered as a tax-exempt nonprofit (EIN: 30401249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progressive Maryland Eduction Fund Inc located?
Progressive Maryland Eduction Fund Inc is headquartered in Upper Marlboro, Maryland and files with the IRS under EIN 30401249. It is classified under NTEE code B03.
How many years of IRS 990 filings does Progressive Maryland Eduction Fund Inc have?
Progressive Maryland Eduction Fund Inc 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Progressive Maryland Eduction Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Progressive Maryland Eduction Fund Inc's revenue has grown by 660.1%, moving from $190K to $1.4M. Total assets increased by 2059.1% over the same period, from $72K to $1.6M. Total functional expenses rose by 700.4%, from $167K to $1.3M. In its most recent filing year (2023), Progressive Maryland Eduction Fund Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $88K in liabilities against $1.6M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $1.6M | $88K | — | — |
| 2022 | $2.3M | $986K | $1.3M | $83K | — | View 990 |
| 2021 | $519K | $513K | $956K | $966K | — | View 990 |
| 2020 | $533K | $477K | $148K | $114K | — | View 990 |
| 2019 | $337K | $490K | $122K | $143K | — | View 990 |
| 2018 | $360K | $335K | $187K | $56K | — | View 990 |
| 2017 | $279K | $271K | $155K | $48K | — | View 990 |
| 2016 | $189K | $140K | $114K | $15K | — | View 990 |
| 2015 | $101K | $37K | $50K | $0 | — | — |
| 2014 | $53K | $73K | $1K | $15K | — | View 990 |
| 2013 | $71K | $41K | $22K | $15K | — | — |
| 2012 | $45K | $33K | $84K | $0 | — | View 990 |
| 2011 | $190K | $167K | $72K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue -36.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $986K, and assets of $1.3M (revenue +335.5% year-over-year).
- 2021: Revenue of $519K, expenses of $513K, and assets of $956K (revenue -2.6% year-over-year).
- 2020: Revenue of $533K, expenses of $477K, and assets of $148K (revenue +58.1% year-over-year).
- 2019: Revenue of $337K, expenses of $490K, and assets of $122K (revenue -6.4% year-over-year).
- 2018: Revenue of $360K, expenses of $335K, and assets of $187K (revenue +28.9% year-over-year).
- 2017: Revenue of $279K, expenses of $271K, and assets of $155K (revenue +47.3% year-over-year).
- 2016: Revenue of $189K, expenses of $140K, and assets of $114K (revenue +88.2% year-over-year).
- 2015: Revenue of $101K, expenses of $37K, and assets of $50K (revenue +89.4% year-over-year).
- 2014: Revenue of $53K, expenses of $73K, and assets of $1K (revenue -25.5% year-over-year).
- 2013: Revenue of $71K, expenses of $41K, and assets of $22K (revenue +58.6% year-over-year).
- 2012: Revenue of $45K, expenses of $33K, and assets of $84K (revenue -76.4% year-over-year).
- 2011: Revenue of $190K, expenses of $167K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progressive Maryland Eduction Fund Inc:
Data Sources and Methodology
This transparency report for Progressive Maryland Eduction Fund 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.