The Digital Progress Institute

EIN: 871330450

Washington, DC

Total Revenue
$1,395,800
Total Expenses
$1,118,951
Total Assets
$562,367
Net Assets
$561,171
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
Joel Thayer
Phone
6266174941
Tax Period
2023-01-01 to 2023-12-31

The Digital Progress Institute, founded in 2021, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 329% from the prior year, signaling strong growth momentum. The organization ran a surplus of $277K, a strong 20% operating margin.

Mission

The DPI is organized exclusively to promote social welfare by advocating for a pragmatic, bipartisan approach to the Internet economy that smart regulation has its place and legacy regulations of a bygone era only hurt our nation's most vulnerable populations. The DPI seeks to advance ubiquitous broadband to the American public, push for new spectrum resources for 5G and beyond, advance a full stack framework for Internet governance, address actual competitive harms in the Internet marketplace, and protect consumer privacy.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,395,000
Program Service Revenue $0
Investment Income $800
Other Revenue $0
TOTAL REVENUE $1,395,800

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $132,410
Fundraising Expenses $0
Program Expenses $1,118,042
Other Expenses $946,541
TOTAL EXPENSES $1,118,951

Year-over-Year Comparison

2023 2022 Change
Revenue $1,395,800 $325,000 +3.3%
Expenses $1,118,951 $172,037 +5.5%
Net Income $276,849 $152,963 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$123,409
Total Directors
3
$123,409
Key Employees
3
$123,409
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Thayer President & Member of the Board 40
Officer Director Key Emp Highest
$107,027 $0 $107,027
Nicholas Degani Chief Strategist & Member of the Board 10
Officer Director Key Emp
$16,382 $0 $16,382
Kim Keenan Chief Policy Officer & Member of the Board 1
Officer Director Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,395,800 $1,118,951 $562,367 $276,849
2022 $325,000 $172,037 $284,502 $152,963
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