The Progress Center Inc
The Progress Center Inc. shows stable asset growth but recent expenses exceeded revenue.
EIN: 10368153 · Oxford, ME · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $6.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $3.0M |
| Transparency Score | 80/100 |
Search Intent Cockpit
The Progress Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Progress Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Progress Center Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $6.3M and expenses of $6.9M.
Revenue and Expenses
The Progress Center Inc reported $6.3M in revenue and $6.9M in expenses, a deficit of $603K.
Executive Compensation
Top officer compensation appears as $6 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is The Progress Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $5.8M (85%) |
Across stored filings, The Progress Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Human Services context |
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The Progress Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Progress Center Inc
The Progress Center Inc (EIN: 10368153) is a nonprofit organization based in Oxford, ME, classified under NTEE code P82. The organization reported total revenue of $6.6M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Progress Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Progress Center Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-602,865 |
| Total Assets | $4.4M |
| Total Liabilities | $1.4M |
| Net Assets | $3.0M |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2023, The Progress Center Inc reported a deficit of $603K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Progress Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | -17.6% | -5.4% |
| 2022 | -4.9% | +13.1% | -4.4% |
| 2021 | +13.9% | -4.3% | +4.3% |
| 2020 | +5.9% | +12.8% | +23.7% |
| 2019 | +17.7% | +20.1% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Progress Center Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Progress Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $603K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with revenues exceeding $6 million annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Progress Center Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202306), with $6,882,260 in expenses against $6,279,395 in revenue.
- Consistent 0% officer compensation is unusual for an organization of this scale, potentially indicating compensation is reported differently or leadership is entirely volunteer, which could raise questions about sustainability of leadership.
Strengths
The following positive indicators were identified for The Progress Center Inc:
- Consistent asset growth over the past decade, from $2,392,724 in 201406 to $4,380,937 in 202306.
- Long history of IRS 990 filings (13 filings), indicating good compliance and transparency.
- Clear mission focus as indicated by NTEE Code P82 (Services for the Developmentally Disabled).
- Generally positive net income in most years, demonstrating effective financial management in prior periods (e.g., 202106 revenue $8.66M vs expenses $7.38M).
Frequently Asked Questions about The Progress Center Inc
Is The Progress Center Inc a legitimate charity?
The Progress Center Inc (EIN: 10368153) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Progress Center Inc spend its money?
The Progress Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Progress Center Inc tax-deductible?
The Progress Center Inc is registered as a tax-exempt nonprofit (EIN: 10368153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Progress Center Inc CEO make?
The Progress Center Inc's highest-compensated officer earns $6 annually. The organization reported $6.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Progress Center Inc's spending goes to programs?
The Progress Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Progress Center Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The Progress Center Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Progress Center Inc located?
The Progress Center Inc is headquartered in Oxford, Maine and files with the IRS under EIN 10368153. It is classified under NTEE code P82.
How many years of IRS 990 filings does The Progress Center Inc have?
The Progress Center 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 $6.6M in total revenue.
Is The Progress Center Inc. financially stable?
The organization generally appears stable, with assets growing from $2.39M in 2014 to $4.38M in 2023. However, the most recent filing (202306) shows expenses ($6.88M) exceeding revenue ($6.28M), which could impact future stability if it becomes a trend.
How does The Progress Center Inc. manage executive compensation?
The Progress Center Inc. consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $8.66M in 202106 and decreasing to $6.28M in 202306. Expenses have generally followed revenue, with the most recent period showing expenses exceeding revenue.
Are there any concerns regarding the organization's liabilities?
Liabilities have fluctuated, with a notable increase from $1.11M in 202106 to $1.42M in 202306. While not excessively high relative to assets, this trend warrants monitoring.
Filing History
IRS 990 filing history for The Progress Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Progress Center Inc's revenue has grown by 79.1%, moving from $3.5M to $6.3M. Total assets increased by 136.4% over the same period, from $1.9M to $4.4M. Total functional expenses rose by 110.8%, from $3.3M to $6.9M. In its most recent filing year (2023), The Progress Center Inc reported a deficit of $603K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $4.4M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.9M | $4.4M | $1.4M | — | View 990 |
| 2022 | $8.2M | $8.3M | $4.6M | $1.1M | — | View 990 |
| 2021 | $8.7M | $7.4M | $4.8M | $1.1M | — | View 990 |
| 2020 | $7.6M | $7.7M | $4.6M | $2.3M | — | View 990 |
| 2019 | $7.2M | $6.8M | $3.8M | $1.3M | — | View 990 |
| 2018 | $6.1M | $5.7M | $2.9M | $748K | — | View 990 |
| 2017 | $5.0M | $4.9M | $2.1M | $418K | — | View 990 |
| 2016 | $3.7M | $3.6M | $2.1M | $504K | — | View 990 |
| 2015 | $3.2M | $3.1M | $2.0M | $529K | — | View 990 |
| 2014 | $2.9M | $2.9M | $2.4M | $1.0M | — | View 990 |
| 2013 | $3.3M | $3.0M | $2.2M | $903K | — | View 990 |
| 2012 | $3.5M | $3.3M | $2.1M | $976K | — | View 990 |
| 2011 | $3.5M | $3.3M | $1.9M | $955K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.9M, and assets of $4.4M (revenue -23.7% year-over-year).
- 2022: Revenue of $8.2M, expenses of $8.3M, and assets of $4.6M (revenue -4.9% year-over-year).
- 2021: Revenue of $8.7M, expenses of $7.4M, and assets of $4.8M (revenue +13.9% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.7M, and assets of $4.6M (revenue +5.9% year-over-year).
- 2019: Revenue of $7.2M, expenses of $6.8M, and assets of $3.8M (revenue +17.7% year-over-year).
- 2018: Revenue of $6.1M, expenses of $5.7M, and assets of $2.9M (revenue +22.2% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.9M, and assets of $2.1M (revenue +33.4% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.6M, and assets of $2.1M (revenue +16.5% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.1M, and assets of $2.0M (revenue +8.9% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.9M, and assets of $2.4M (revenue -9.5% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.0M, and assets of $2.2M (revenue -7.9% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.3M, and assets of $2.1M (revenue +0.9% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.3M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Progress Center Inc:
Data Sources and Methodology
This transparency report for The Progress Center 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.