Progressive Media Inc
EIN: 270073108 · Knoxville, TN · NTEE: X84
| Metric | Value |
|---|---|
| Total Revenue | $162K |
| Total Expenses | $81K |
Is Progressive Media 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 Media Inc
Progressive Media Inc (EIN: 270073108) is a nonprofit organization based in Knoxville, TN, classified under NTEE code X84. The organization reported total revenue of $162K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progressive Media Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progressive Media Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $81K |
| Surplus / Deficit | +$95K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 54.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Progressive Media Inc reported a surplus of $95K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Progressive Media Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | -21.1% | — |
| 2022 | -17.2% | -27.4% | — |
| 2021 | -5.2% | -12.7% | — |
| 2020 | +4.6% | -10.8% | -100.0% |
| 2018 | +0.5% | -10.6% | -25.7% |
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 Media 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 Media 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 $95K, with revenue exceeding expenses.
Frequently Asked Questions about Progressive Media Inc
Is Progressive Media Inc a legitimate charity?
Progressive Media Inc (EIN: 270073108) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $162K. No red flags identified. Financial health grade: A.
How does Progressive Media Inc spend its money?
Progressive Media Inc reported $162K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Progressive Media Inc tax-deductible?
Progressive Media Inc is registered as a tax-exempt nonprofit (EIN: 270073108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progressive Media Inc located?
Progressive Media Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 270073108. It is classified under NTEE code X84.
How many years of IRS 990 filings does Progressive Media Inc have?
Progressive Media Inc has 12 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 $162K in total revenue.
Filing History
IRS 990 filing history for Progressive Media Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Progressive Media Inc's revenue has declined by 28.4%, moving from $246K to $176K. Total assets decreased by 100% over the same period, from $847K to $0. Total functional expenses fell by 73.1%, from $301K to $81K. In its most recent filing year (2023), Progressive Media Inc reported a surplus of $95K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $81K | $0 | $0 | — | View 990 |
| 2022 | $144K | $103K | $0 | $0 | — | View 990 |
| 2021 | $174K | $141K | $0 | $0 | — | — |
| 2020 | $183K | $162K | $0 | $0 | — | View 990 |
| 2018 | $175K | $182K | $216K | $785K | — | View 990 |
| 2017 | $174K | $203K | $290K | $853K | — | — |
| 2016 | $208K | $231K | $0 | $0 | — | View 990 |
| 2015 | $167K | $220K | $433K | $869K | — | View 990 |
| 2014 | $178K | $221K | $0 | $0 | — | View 990 |
| 2013 | $182K | $216K | $618K | $962K | — | View 990 |
| 2012 | $143K | $161K | $733K | $1.0M | — | View 990 |
| 2011 | $246K | $301K | $847K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $81K, and assets of $0 (revenue +22.2% year-over-year).
- 2022: Revenue of $144K, expenses of $103K, and assets of $0 (revenue -17.2% year-over-year).
- 2021: Revenue of $174K, expenses of $141K, and assets of $0 (revenue -5.2% year-over-year).
- 2020: Revenue of $183K, expenses of $162K, and assets of $0 (revenue +4.6% year-over-year).
- 2018: Revenue of $175K, expenses of $182K, and assets of $216K (revenue +0.5% year-over-year).
- 2017: Revenue of $174K, expenses of $203K, and assets of $290K (revenue -16.4% year-over-year).
- 2016: Revenue of $208K, expenses of $231K, and assets of $0 (revenue +24.5% year-over-year).
- 2015: Revenue of $167K, expenses of $220K, and assets of $433K (revenue -6.1% year-over-year).
- 2014: Revenue of $178K, expenses of $221K, and assets of $0 (revenue -1.9% year-over-year).
- 2013: Revenue of $182K, expenses of $216K, and assets of $618K (revenue +27.1% year-over-year).
- 2012: Revenue of $143K, expenses of $161K, and assets of $733K (revenue -41.9% year-over-year).
- 2011: Revenue of $246K, expenses of $301K, and assets of $847K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progressive Media Inc:
Data Sources and Methodology
This transparency report for Progressive Media 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.