Progressive Technology Project
EIN: 522173971 · North St Paul, MN · NTEE: T05
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $410K |
| Net Assets | $-14,652 |
Is Progressive Technology Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Progressive Technology Project
Progressive Technology Project (EIN: 522173971) is a nonprofit organization based in North St Paul, MN, classified under NTEE code T05. The organization reported total revenue of $409K and total assets of $176K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Progressive Technology Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Progressive Technology Project is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $378K |
| Total Expenses | $410K |
| Surplus / Deficit | $-32,054 |
| Total Assets | $181K |
| Total Liabilities | $196K |
| Net Assets | $-14,652 |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 108.1% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2023, Progressive Technology Project reported a deficit of $32K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 108.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Progressive Technology Project's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | +0.8% | +1.5% |
| 2022 | -19.9% | +0.8% | -30.8% |
| 2021 | +0.7% | -0.5% | +4.5% |
| 2020 | +1.5% | -4.5% | +3.5% |
| 2019 | -24.4% | +2.5% | -2.5% |
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 Technology Project 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 Technology Project 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 $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.1%.
Frequently Asked Questions about Progressive Technology Project
Is Progressive Technology Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Progressive Technology Project (EIN: 522173971) insufficient data. 0 red flags identified, 0 strengths noted.
How does Progressive Technology Project spend its money?
Detailed spending breakdown data is not yet available for Progressive Technology Project. Check back for updated IRS 990 analysis.
Are donations to Progressive Technology Project tax-deductible?
Progressive Technology Project is registered as a tax-exempt nonprofit (EIN: 522173971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Progressive Technology Project located?
Progressive Technology Project is headquartered in North St Paul, Minnesota and files with the IRS under EIN 522173971. It is classified under NTEE code T05.
How many years of IRS 990 filings does Progressive Technology Project have?
Progressive Technology Project 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 $409K in total revenue.
Filing History
IRS 990 filing history for Progressive Technology Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Progressive Technology Project's revenue has declined by 39.1%, moving from $621K to $378K. Total assets decreased by 75% over the same period, from $726K to $181K. Total functional expenses fell by 57.9%, from $974K to $410K. In its most recent filing year (2023), Progressive Technology Project reported a deficit of $32K, with expenses exceeding revenue. The organization holds $196K in liabilities against $181K in assets (debt-to-asset ratio: 108.1%), resulting in net assets of $-14,652.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $378K | $410K | $181K | $196K | — | — |
| 2022 | $334K | $407K | $178K | $161K | — | View 990 |
| 2021 | $417K | $403K | $258K | $168K | — | View 990 |
| 2020 | $414K | $406K | $247K | $170K | — | — |
| 2019 | $408K | $425K | $238K | $171K | — | View 990 |
| 2018 | $540K | $414K | $244K | $161K | — | View 990 |
| 2017 | $350K | $577K | $156K | $199K | — | View 990 |
| 2016 | $530K | $847K | $411K | $226K | — | View 990 |
| 2015 | $591K | $996K | $653K | $152K | — | View 990 |
| 2014 | $933K | $1.1M | $1.1M | $162K | — | View 990 |
| 2013 | $1.1M | $1.3M | $1.2M | $145K | — | View 990 |
| 2012 | $1.7M | $1.1M | $1.4M | $146K | — | View 990 |
| 2011 | $621K | $974K | $726K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $378K, expenses of $410K, and assets of $181K (revenue +13.1% year-over-year).
- 2022: Revenue of $334K, expenses of $407K, and assets of $178K (revenue -19.9% year-over-year).
- 2021: Revenue of $417K, expenses of $403K, and assets of $258K (revenue +0.7% year-over-year).
- 2020: Revenue of $414K, expenses of $406K, and assets of $247K (revenue +1.5% year-over-year).
- 2019: Revenue of $408K, expenses of $425K, and assets of $238K (revenue -24.4% year-over-year).
- 2018: Revenue of $540K, expenses of $414K, and assets of $244K (revenue +54.2% year-over-year).
- 2017: Revenue of $350K, expenses of $577K, and assets of $156K (revenue -33.9% year-over-year).
- 2016: Revenue of $530K, expenses of $847K, and assets of $411K (revenue -10.3% year-over-year).
- 2015: Revenue of $591K, expenses of $996K, and assets of $653K (revenue -36.7% year-over-year).
- 2014: Revenue of $933K, expenses of $1.1M, and assets of $1.1M (revenue -15.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $1.2M (revenue -36.9% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.1M, and assets of $1.4M (revenue +181.2% year-over-year).
- 2011: Revenue of $621K, expenses of $974K, and assets of $726K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Progressive Technology Project:
Data Sources and Methodology
This transparency report for Progressive Technology Project 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.