Herbert V Prochnow Educational Foundation Inc

Analysis

Herbert V Prochnow Educational Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Herbert V Prochnow Educational Foundation Inc reported income of $434k and spending of $266k, leaving 39% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $737k to $434k (-41%), an average of -12% a year. The sharpest change came in the year to October 2021, when income rose by 123%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Herbert V Prochnow Educational Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include North Shore Art League ($434k), Paralyzed Veterans of America ($434k) and Richard D McDonough Caddie Scholarship Foundation ($434k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $8.6m against liabilities of $104, net assets of $8.6m.