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

$6.6MRevenue

$3.9MAssets

80/100Mission Score (Excellent)

P82

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.

AI Transparency Report

The Progress Center Inc. demonstrates a consistent operational history with revenues generally exceeding expenses in most periods, indicating a stable financial footing. For instance, in 202106, revenue was $8,658,268 against expenses of $7,381,980, showing a surplus. However, the most recent filing (202306) shows expenses of $6,882,260 exceeding revenue of $6,279,395, which warrants monitoring. The organization's assets have shown growth over the past decade, from $2,392,724 in 201406 to $4,380,937 in 202306, suggesting prudent financial management and asset accumulation.

Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation, indicating that resources are directed towards programs and operational needs rather than high executive salaries. While specific program spending percentages are not provided in the raw data, the absence of officer compensation is a positive indicator of efficiency. The organization's NTEE code P82 (Services for the Developmentally Disabled) suggests a clear program focus.

Transparency is generally good given the consistent filing of IRS 990s over 13 periods. The consistent reporting of 0% officer compensation is a strong indicator of transparency regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency and transparency in these areas is limited. The fluctuation in liabilities, such as the increase from $1,114,015 in 202106 to $1,420,040 in 202306, is a point to observe.

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.

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. 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.	PDF
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.

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.