Proteknon Foundation

Analysis

Proteknon Foundation is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Proteknon Foundation reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $359k to $1.3m (+266%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Proteknon Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 87th percentile within WY. Charities of a similar size with the same main cause include Hill Country District Juniorlivestock Show Association ($1.3m), Better Boys Foundation ($1.3m) and Camp Lighthouse Ministry Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $467k (36% of expenses). Other salaries and wages came to $132k. At year end it held assets of $324k against liabilities of $246k, net assets of $77k.