Social Progess Imperative Inc
EIN: 364701434 · Washington, DC · NTEE: V99
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Net Assets | $235K |
Is Social Progess Imperative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Social Progess Imperative Inc
Social Progess Imperative Inc (EIN: 364701434) is a nonprofit organization based in Washington, DC, classified under NTEE code V99. The organization reported total revenue of $1.1M and total assets of $172K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Social Progess Imperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Social Progess Imperative Inc is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-305,941 |
| Total Assets | $316K |
| Total Liabilities | $81K |
| Net Assets | $235K |
| Operating Margin | -27.7% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Social Progess Imperative Inc reported a deficit of $306K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Social Progess Imperative Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.1% | -36.2% | -46.0% |
| 2022 | +92.5% | +25.6% | +615.4% |
| 2021 | -27.4% | -1.4% | -85.0% |
| 2020 | +22.1% | +12.1% | +83.6% |
| 2019 | +43.0% | -29.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Social Progess Imperative 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 Social Progess Imperative 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 $306K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.6%.
Frequently Asked Questions about Social Progess Imperative Inc
Is Social Progess Imperative Inc a legitimate charity?
Social Progess Imperative Inc (EIN: 364701434) is a registered tax-exempt nonprofit based in Washington DC. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: C.
How does Social Progess Imperative Inc spend its money?
Social Progess Imperative Inc reported $1.1M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Social Progess Imperative Inc tax-deductible?
Social Progess Imperative Inc is registered as a tax-exempt nonprofit (EIN: 364701434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Social Progess Imperative Inc located?
Social Progess Imperative Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 364701434. It is classified under NTEE code V99.
How many years of IRS 990 filings does Social Progess Imperative Inc have?
Social Progess Imperative 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Social Progess Imperative Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Social Progess Imperative Inc's revenue has declined by 51.6%, moving from $2.3M to $1.1M. Total assets decreased by 84.1% over the same period, from $2.0M to $316K. Total functional expenses rose by 271.6%, from $379K to $1.4M. In its most recent filing year (2023), Social Progess Imperative Inc reported a deficit of $306K, with expenses exceeding revenue. The organization holds $81K in liabilities against $316K in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $235K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $316K | $81K | — | — |
| 2022 | $2.7M | $2.2M | $586K | $45K | — | View 990 |
| 2021 | $1.4M | $1.8M | $82K | $28K | — | View 990 |
| 2020 | $1.9M | $1.8M | $546K | $135K | — | — |
| 2019 | $1.6M | $1.6M | $298K | $32K | — | View 990 |
| 2018 | $1.1M | $2.3M | $296K | $18K | — | View 990 |
| 2017 | $1.6M | $3.2M | $1.5M | $37K | — | View 990 |
| 2016 | $1.7M | $3.0M | $3.1M | $20K | — | View 990 |
| 2015 | $5.0M | $2.2M | $4.3M | $32K | — | View 990 |
| 2014 | $327K | $1.9M | $1.7M | $176K | — | View 990 |
| 2013 | $3.0M | $1.8M | $3.6M | $587K | — | View 990 |
| 2012 | $2.3M | $379K | $2.0M | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $316K (revenue -59.1% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.2M, and assets of $586K (revenue +92.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.8M, and assets of $82K (revenue -27.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $546K (revenue +22.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $298K (revenue +43.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $2.3M, and assets of $296K (revenue -32.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $3.2M, and assets of $1.5M (revenue -5.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $3.0M, and assets of $3.1M (revenue -65.2% year-over-year).
- 2015: Revenue of $5.0M, expenses of $2.2M, and assets of $4.3M (revenue +1428.2% year-over-year).
- 2014: Revenue of $327K, expenses of $1.9M, and assets of $1.7M (revenue -89.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.8M, and assets of $3.6M (revenue +30.5% year-over-year).
- 2012: Revenue of $2.3M, expenses of $379K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Social Progess Imperative Inc:
Data Sources and Methodology
This transparency report for Social Progess Imperative 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.