Proteus Fund Inc
303 Wyman St Ste 300, Waltham, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $43,200,431 | $50,856,079 | $60,783,570 |
| FY2023 | $73,102,909 | $49,221,407 | $69,055,138 |
| FY2022 | $62,955,408 | $59,655,544 | $45,053,555 |
| FY2021 | $46,264,432 | $35,750,963 | $42,194,106 |
| FY2020 | $43,033,810 | $41,019,615 | $31,570,037 |
| FY2019 | $30,242,758 | $29,952,722 | $29,062,180 |
| FY2018 | $32,715,202 | $29,945,970 | $28,542,359 |
| FY2017 | $31,883,493 | $25,873,886 | $19,395,697 |
| FY2016 | $21,335,481 | $22,391,888 | $13,168,283 |
| FY2015 | $15,788,563 | $15,738,768 | $14,263,504 |
| FY2014 | $17,242,536 | $15,649,332 | $14,232,841 |
| FY2013 | $15,845,373 | $13,824,522 | $12,601,852 |
| FY2012 | $14,520,627 | $13,612,671 | $10,581,001 |
| FY2011 | $12,027,268 | $10,240,087 | $9,101,628 |
Form 990 filings
The returns filed by Proteus Fund Inc (EIN 04-3243004), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $39,756,258 | 92% |
| Program service revenue | $1,621,263 | 4% |
| Other revenue | $1,822,910 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $41,318,421 | 81% |
| Management & general | $7,438,140 | 15% |
| Fundraising | $2,099,518 | 4% |
What the numbers show
- Contributions & grants made up 92% of total revenue in FY2024.
- Program services accounted for 81% of functional expenses, management & general 15%, and fundraising 4%.
- 81% of functional expenses went to program services in FY2024. That is higher than 45.6% of 182 Education organizations in MA.
- Net assets covered about 14.3 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 2334 Education organizations in MA.
- Total revenue was higher than 97% of 2371 Education organizations in MA.
- Total revenue rose from $12,027,268 in FY2011 to $43,200,431 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2016, FY2024).
- The highest revenue on record here is $73,102,909 in FY2023.
- Net assets grew from $9,101,628 to $60,783,570 between FY2011 and FY2024.
- Contributions and grants made up 98% of revenue in FY2011 and 92% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROTEUS FUND CONNECTS PHILANTHROPY TO THE FRONTLINES OF SOCIAL JUSTICE TO ADVANCE RACIAL, GENDER, QUEER, AND DISABILITY JUSTICE, AND AN INCLUSIVE, FULLY REPRESENTATIVE DEMOCRACY.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B99 — Education (in MA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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