Profectum Foundation

Analysis

Profectum Foundation is a registered charity in United States, based in Chester, NJ. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Profectum Foundation reported income of $737k and spending of $504k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $642k to $737k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Profectum Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Kiwanis Family House ($737k), Traditions Transitional Living Inc ($737k) and Friends of Leaps & Bounds Pediatric Therapy ($736k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $210k (42% of expenses). At year end it held assets of $1.1m against liabilities of $106k, net assets of $990k.