Pennsylvania · Nonprofit
THE PROGRESS FUND
THE PROGRESS FUND (Pennsylvania) receives grants from 9 organizations whose IRS filings report $14,151,906 to it, the largest being RICHARD KING MELLON FOUNDATION ($6,843,500). 5 of them have funded it in more than one year.
- Revenue FY2025
- $6.1M
- Funders on record
- 9
- Grants received
- $14M
- Net assets
- $56M
What The Progress Fund does
Mission
Raise and lend funds for community development
As stated on its FY2025 Form 990.
Program
Promote historic preservation and compatible community and economic revitalization by making loans
$1,085,596 spent$1,472,095 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $1,085,596.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $45M to $55M (+22%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
64% of THE PROGRESS FUND’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
David Kahley
President & CEO
Board chair
R John Dawes
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $1.4M → $244k.
From the IRS filings of THE PROGRESS FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE PROGRESS FUND leans on a few funders — its largest provides 48% of grant income and the top three 87%; 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: 2019 100% · 2020 69% · 2021 89% · 2022 32% · 2023 82% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of THE PROGRESS FUND's funders are still giving 3 years after their first grant; 56% 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. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
100% of THE PROGRESS FUND's grant income comes from Pennsylvania funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE PROGRESS FUND runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding THE PROGRESS FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.0M on record.
- Department of the Treasury$8.4M
- Appalachian Regional Commission$622k
- Department of Agriculture$11k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE PROGRESS FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
68% of spending goes to programs.
Governance
Public support
57%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- The Tpf Loan Corporation Inc · corp_trust
- The Hazelwood Brewery Project Manager Inc · corp_trust
- The Hazelwood Brewery Project LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for THE PROGRESS FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE PROGRESS FUND?
- THE PROGRESS FUND (Pennsylvania) receives grants from 9 organizations whose IRS filings report $14,151,906 to it, the largest being RICHARD KING MELLON FOUNDATION ($6,843,500). 5 of them have funded it in more than one year.
- How many funders does THE PROGRESS FUND have?
- IRS filings report 9 organizations giving $14,151,906 in grants to THE PROGRESS FUND, 5 of which have funded it in more than one year.
- Who is the largest funder of THE PROGRESS FUND?
- RICHARD KING MELLON FOUNDATION is the largest funder on record, with $6,843,500 in grants. The full list of funders is on this page.
- How can an organization like THE PROGRESS FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders 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. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing