Overview
What is Social Progress Imperative Inc?
Social Progress Imperative Inc, a Washington D.C.-based nonprofit with 5 employees, is dedicated to advancing social progress globally. Through meticulous research and analysis, they develop the Social Progress Index, a tool that measures development beyond economic prosperity. Their mission is to amplify the use of data in shaping policies and investments, aiming to improve the well-being of all humanity. This organization engages leaders worldwide to foster a deeper understanding and application of their evidence-based insights to drive societal change.
Official website here: www.socialprogress.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Social Progress Imperative Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization boasts an impressive Leadership & Adaptability score of 100, indicating strong governance and strategic planning capabilities. Additionally, its Program Expense Ratio is nearly 90%, signifying that a significant portion of its expenses is directed toward program services rather than overhead.
The organization demonstrates robust financial practices with a low liabilities to assets ratio of 7.62%, showcasing its fiscal responsibility. Fundraising efficiency is also notable at $0.022, suggesting that it is able to raise funds effectively without excessive costs. Furthermore, its commitment to governance is evidenced by a fully independent board comprising ten members, ensuring unbiased oversight and decision-making.
While the organization’s financial metrics and governance policies are strong, the working capital ratio of 0.28 years indicates a potential area for improvement in liquidity management. However, the overall performance illustrates a well-managed nonprofit dedicated to its mission and capable of making a positive impact within its community.
This AI summary has been generated from information found on Charity Navigator.
Is Social Progress Imperative Inc legitimate?
Social Progress Imperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Progress Imperative Inc 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: $389,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,873
For more financial information, click here
Official website here: www.socialprogress.org
What is the mission statement of Social Progress Imperative Inc?
The mission of Social Progress Imperative Inc. is centered around utilizing data to significantly increase its use in shaping policies and investments globally, with the ultimate goal of benefiting all of humanity. The organization's focus is on scaling and accelerating this data-driven approach, aiming to establish social progress as an equal measure of development alongside economic prosperity. Their activities primarily involve the development and analysis of the Social Progress Index and other global research, along with engaging world leaders to better understand and apply this evidence-based insight.
Official website here: www.socialprogress.org
Who is the CEO of Social Progress Imperative Inc?
Michael Green is the CEO of Social Progress Imperative Inc The CEO's salary of Social Progress Imperative Inc is $161,819 and their total compensation is $191,078.
Official website here: www.socialprogress.org
What is the revenue of Social Progress Imperative Inc?
Social Progress Imperative Inc's revenue in 2023 was $1,102,504.
Official website here: www.socialprogress.org
Who are the executives of Social Progress Imperative Inc and what are their salaries?
The average compensation at Social Progress Imperative Inc during 2023 was $121,539. There are 5 employees and 20 volunteers at Social Progress Imperative Inc.
Here are 15 key members and their salaries (Social Progress Imperative Inc's CEO's salary is $161,819 and their total compensation is $191,078):
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- Compensation: $161,819
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- Other: $29,259
- Compensation: $156,238
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- Other: $42,506
- Compensation: $106,862
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- Other: $30,628
Official website here: www.socialprogress.org
Where can I find the form 990 for Social Progress Imperative Inc?
Social Progress Imperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.socialprogress.org
Learn more at the official website: www.socialprogress.org
Mission Statement of Social Progress Imperative Inc
Social Progress Imperative, an influential organization, is dedicated to achieving a world where social progress aligns with economic prosperity, serving as a comprehensive measure of global development. Their primary mission is to amplify and expedite the use of data in shaping policies and investments that cater to the betterment of humanity on a global scale. The organization's efforts focus on conducting extensive research and analysis, primarily through the Social Progress Index, a data-driven tool that evaluates various aspects of social progress across different nations. By engaging leaders worldwide, Social Progress Imperative aims to disseminate evidence-based insights, stimulating informed decisions and investments that prioritize the well-being of all people.
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Impact
October, 2024
Social Progress Imperative Inc drives significant change by promoting an integrated approach to development that values social progress alongside economic prosperity. By developing and analyzing the Social Progress Index, the organization provides critical data-driven insights that help global leaders understand the social dimensions of development. This comprehensive research informs policy-making and investment strategies, enabling stakeholders to create initiatives that better serve communities around the world.
Their work emphasizes evidence-based insights that facilitate informed decision-making, fostering a deeper understanding of the factors that contribute to well-being and quality of life. By engaging with leaders, Social Progress Imperative Inc effectively advocates for the incorporation of social progress metrics into broader development agendas, ultimately aiming to influence systemic changes that benefit all of humanity.
This information is meant to be a general summary of Social Progress Imperative Inc. 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 2023.
- Investment Income: $70
- Program Service Revenue: $921,973
- Gross Receipts: $1,102,504
Assets and Liabilities:
- Total Assets: $585,884
- Total Liabilities: $44,675
- Net Assets: $541,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program income
Revenue
$912,678
Registration revenue
Revenue
$4,670
Honoraria
Revenue
$4,625
Organization Details
Founding Year
2010
Principal Officer
Michael Green
Website
www.socialprogress.orgNTEE Category
Code: V99 - Social research
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