Proteus Fund Inc

Analysis

Proteus Fund Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Proteus Fund Inc reported income of $73.1m and spending of $49.2m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.2m to $73.1m (+142%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proteus Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Poly Prep Country Day School ($73.0m), Community Action Council for Lex- Fayette Bourb Harr Nich Counties ($73.2m) and North Greenville University ($72.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $751k (1.5% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $76.3m against liabilities of $7.2m, net assets of $69.1m. It reported 105 employees.