Lede Progress
Nonprofit profile at a glance
- EIN
- 861589771
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022
- Location
- Washington, DC, USA
- Phone
- 2025520221
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Limited
- Sector
- Censorship, Freedom of Speech and Press
Reported finances
- Revenue
- $124,999
- Expenses
- $142,916
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Kyle Jarrett (Director)
- Jason Rosenbaum (Director)
- Michael Kanick (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lede Progress is a media organization dedicated to monitoring, researching, and correcting right-wing misinformation, and empowering the next generation of nonprofit and independent news organizations in American media.
What it reported doing in 2022
Lede Progress assisted Politisit, a 501c3 organization with a grant to help provide child care for voters in multiple states for the 2022 midterm elections. The organization also led multiple online petitions against Fox News and other media outlets which garnered tens of thousands of signatures demanding change. And the organization cultivated and promoted an online news site calling attention to and correcting misinformation broadcasted by major news outlets and right-wing media personalities.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 11
- Transparency & Controls: 82
- Sustainability: 13
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.9%; rating input score 17
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -14.3%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 16.9% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 17/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.