Protez Foundation

Analysis

Protez Foundation is a registered charity in United States, based in Oakdale, MN. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Protez Foundation reported income of $3.5m and spending of $3.6m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $3.5m (+247%), an average of +248% a year. The sharpest change came in the year to December 2023, when income rose by 247%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Protez Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Carti Foundation Inc ($3.5m), Crouse Health Foundation Inc ($3.5m) and Health Net of West Michigan ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $269k (7.5% of expenses). Other salaries and wages came to $132k. At year end it held assets of $761k against liabilities of $451k, net assets of $310k. It reported 8 employees.