RAISE AND LEND FUNDS FOR COMMUNITY DEVELOPMENT
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60.9M
-1.2% YoY
Annual Giving
$114K
+185.0% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$23K
+14.0% YoY
About The Progress Fund
Based on IRS filings
The Progress Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in GREENSBURG, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $60.9M in total assets. In 2024, it awarded 5 grants totaling $114K. Net investment income was $656K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,943,718 | $61,676,088 | $56,975,518 |
| Revenue | $3,853,985 | $4,527,484 | $5,589,608 |
| Expenses | $1,885,678 | $1,541,529 | $1,460,409 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $655,928 | $555,385 | $183,921 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Abstract Brewing ($32,000), Poet Bear ($32,000), Sota Construction ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOTA CONSTRUCTION | REPAIRS | $25,000 |
| ABSTRACT BREWING | REPAIRS | $32,000 |
| BJ'S | REPAIRS | $15,000 |
| POET BEAR | REPAIRS | $32,000 |
| KITCHEN KABOODLE | REPAIRS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID MILLER | BOARD MEMBER | 4 | — |
| PATRICIA BRENNEN | BOARD MEMBER | 4 | — |
| SONYA TILGHMAN | BOARD MEMBER | 4 | — |
| ERIC MARTIN | BOARD MEMBER | 4 | — |
| R JOHN DAWES | CHAIRMAN | 8 | — |
| JAMES BUTLER | SECRETARY | 8 | — |
| JARED GORENTZ | VICE CHAIRMAN | 8 | — |
| DAVID KAHLEY | PRESIDENT & CEO | 40 | $265,947 |
| KAREN POST | TREASURER & CFO | 40 | $240,846 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Progress Fund?
The Progress Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in GREENSBURG, PA. It holds $60.9M in total assets as of 2024.
How large is The Progress Fund?
As of 2024, The Progress Fund holds $60.9M in total assets with $3.9M in annual revenue. It awarded 5 grants totaling $114K in 2024.
What size grants does The Progress Fund award?
In 2024, The Progress Fund awarded 5 grants totaling $114K — an average of about $23K per grant, based on its IRS Form 990 filings.
What is The Progress Fund's EIN?
The Progress Fund's EIN (Employer Identification Number) is 31-1598881. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Progress Fund's focus areas in our free grants database
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—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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