Proteus Inc

Analysis

Proteus Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 June 2023, Proteus Inc reported income of $21.4m and spending of $22.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.7m to $21.4m (-13%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Proteus Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Rural Economic Development Center Inc ($21.4m), Family Development Services Inc ($21.5m) and Goodwill Industries of Northeast Iowa Inc ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $167k (0.7% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $12.3m against liabilities of $4.4m, net assets of $7.9m. It reported 472 employees.