Friends of Prodeo Inc

Analysis

Friends of Prodeo Inc is a registered charity in United States, based in Columbia HTS, MN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Prodeo Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $64k to $1.1m (+1568%), an average of +156% a year. The sharpest change came in the year to June 2021, when income rose by 1322%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Prodeo Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Gerry Spence Method at Thunderhead Ranch Inc ($1.1m), Discover Montessori Childrens House Inc ($1.1m) and Heritage Behavioral Health Systems Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $15.9m against liabilities of $17.1m, net assets of -$1.2m.