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Michigan · Nonprofit
Progress Michigan Inc (Michigan) is funded by 22 grantmakers whose IRS filings report $10,450,367 in grants to it, the largest being STRATEGIC VICTORY FUND ($4,591,367). 7 of them have funded it in more than one year.
Against its field
Progress Michigan Inc has grown faster than three-quarters of the 925 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 925 public benefit nonprofits $1M–$10M, FY2024
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
The funding model — what share of revenue comes from contributions, programs, investments and other sources — and whether it's shifting.
98% of Progress Michigan Inc’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
The base broadened — 1 funders to 3 as grant income moved $3k → $3.0M.
4 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Progress Michigan Inc’s funders (the co-funder graph). Association, not causation.
Progress Michigan Inc leans on a few funders — its largest provides 44% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 100% · 2018 73% · 2019 67% · 2020 25% · 2021 70% · 2022 51% · 2023 85% · 2024 64% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
17% of Progress Michigan Inc's funders are still giving 3 years after their first grant; 32% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year.
Progress Michigan Inc draws 99% of its grant income from funders outside Michigan — its reputation reaches beyond the state, across 9 states in all.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 22 funders put you typical among the 400 organizations that share them.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
94% of spending goes to programs.
Operates in 1 state
Part of a family of 3 related entities
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 22funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing