Overview
What is The Economic Progress Institute?
The Economic Progress Institute is a nonprofit organization situated in Providence, Rhode Island. With a modest workforce of eight individuals, its primary mission is to enhance the economic security of low-income and moderate-income residents in the state. The Institute accomplishes this by conducting research, offering policy analysis, delivering public education, and advocating for equitable and sufficient tax and budget policies to fund essential public services. By scrutinizing revenue and spending proposals, the Institute provides valuable insights to policymakers, journalists, and concerned citizens, fostering informed decision-making. Overall, the Institute aims to promote economic well-being and equitable policies that uplift the most vulnerable population in Rhode Island.
Official website here: www.economicprogressri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Economic Progress Institute has achieved an impressive rating of 96%, indicating strong performance in accountability and finance. This high score reflects the organization’s commitment to transparency, as evidenced by 100% of its board members being independent and a robust audit and oversight committee. Such governance practices contribute to a positive perception of the organization's financial health and operational effectiveness.
The organization maintains a solid program expense ratio of 76.44%, which suggests a significant portion of its expenditures goes directly towards its mission-driven activities. Additionally, the absence of any material diversion of assets enhances trust in its financial integrity. Policies regarding conflicts of interest, whistleblower protection, and document retention are all properly documented, further showcasing its dedication to ethical management.
While the Economic Progress Institute demonstrates strong financial practices and governance, potential donors and stakeholders should also consider factors such as the specific impact of its programs in the community and how effectively it communicates its mission and outcomes. Overall, the organization is positioned well as a trustworthy nonprofit dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Economic Progress Institute?
100% of 5 reviewers on Facebook recommend The Economic Progress Institute. Here is a summary of their reviews:
The nonprofit is highly regarded for its commitment to empowering the community. Reviewers express a strong appreciation for the organization’s efforts in promoting economic advancement and providing valuable resources to those in need.
Overall, the sentiment is overwhelmingly positive, with supporters praising the impact of the Institute’s initiatives and its role in fostering progress within the community. The organization appears to effectively deliver on its mission and maintain a supportive presence.
This AI summary has been generated from reviews found on Facebook.
Is The Economic Progress Institute legitimate?
The Economic Progress Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Progress Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $81,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,008
For more financial information, click here
Official website here: www.economicprogressri.org
What is the mission statement of The Economic Progress Institute?
The Economic Progress Institute, as an organization, is committed to enhancing the economic security of low-income and modest-income residents in Rhode Island. They accomplish this by conducting research, policy analysis, public education, and advocacy. This work is geared towards improving equitable and adequate tax and budget policies that can adequately fund essential public services. The institute provides data-driven analysis on Rhode Island's economic health and scrutinizes revenue and spending proposals to assess their impact on the everyday lives of its residents. By disseminating this information to policymakers, journalists, and concerned citizens, the institute aims to promote informed decision-making and foster sound policy-making processes.
Official website here: www.economicprogressri.org
Who is the CEO of The Economic Progress Institute?
Weayonnoh Nelson-Davies is the Chair of The Economic Progress Institute.
Official website here: www.economicprogressri.org
What is the revenue of The Economic Progress Institute?
The Economic Progress Institute's revenue in 2022 was $643,357.
Official website here: www.economicprogressri.org
Who are the executives of The Economic Progress Institute and what are their salaries?
The average compensation at The Economic Progress Institute during 2022 was $53,229. There are 8 employees at The Economic Progress Institute.
Here are 12 key members and their salaries:
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Official website here: www.economicprogressri.org
Where can I find the form 990 for The Economic Progress Institute?
The Economic Progress Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.economicprogressri.org
Learn more at the official website: www.economicprogressri.org
Mission Statement of The Economic Progress Institute
The Economic Progress Institute, as an organization, is committed to improving the economic security of low and modest-income residents of Rhode Island. It accomplishes this mission by monitoring and advocating for the development of equitable and adequate tax and budget policies that effectively fund public services. The Institute plays a crucial role in informing policy debates by providing data-driven analyses about the economic health of Rhode Island and its residents. By scrutinizing revenue and spending proposals, the Institute ensures that policymakers, journalists, and concerned citizens have access to accurate information, promoting informed decision-making and fostering constructive debates. In essence, The Economic Progress Institute is dedicated to enhancing the economic well-being of Rhode Island's vulnerable populations by advocating for policies that foster equity and adequacy in tax and budget policies, thereby funding essential public services.
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Impact
July, 2024
The Economic Progress Institute plays a crucial role in improving the economic security of low and modest-income Rhode Islanders through its research, policy analysis, public education, and advocacy efforts. By providing accurate, data-driven analysis on the economic health of Rhode Island and its residents, the institute informs policy debates and scrutinizes revenue and spending proposals to determine their impact on the daily lives of Rhode Islanders. This information is shared with policymakers, journalists, and concerned citizens to promote informed debate and encourage sound decision-making regarding tax and budget policies. Through these efforts, The Economic Progress Institute helps advance equity and adequacy in funding public services while striving to enhance the overall well-being of Rhode Islanders.
This information is meant to be a general summary of The Economic Progress Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$12,490
- Gross Receipts: $643,357
Assets and Liabilities:
- Total Assets: $568,401
- Total Liabilities: $52,163
- Net Assets: $516,238
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Organization Details
Founding Year
2009
Phone
(401) 456-8512Principal Officer
Weayonnoh Nelson-Davies
Main Address
600 MOUNT PLEASANT AVENUE, PROVIDENCE, RI, 02908
Website
www.economicprogressri.orgNTEE Category
Code: W05 - Public benefit
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