Proctor Synergy Inc

Analysis

Proctor Synergy Inc is a registered charity in United States, based in Proctor, MN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Proctor Synergy Inc reported income of $91k and spending of $88k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $91k (-2.4%), an average of -2.4% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Proctor Synergy Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Hailey Rotary Foundation Inc ($91k), Foundation for Living & Learning Inc ($91k) and Opera Idaho Foundation Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 39% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.