PROTEUS FUND INC

WALTHAM, MA, 02451-1255 (413) 256-0349 Est. 1994 EIN 04-3243004
B99 - Education N.E.C. 990 - Public charity return 501(c)(3)
www.proteusfund.org

Mission

PROTEUS FUND CONNECTS PHILANTHROPY TO THE FRONTLINES OF SOCIAL JUSTICE TO ADVANCE RACIAL, GENDER, QUEER, AND DISABILITY JUSTICE, AND AN INCLUSIVE, FULLY REPRESENTATIVE DEMOCRACY.

Giving Portfolio

Total Grants
1,765
Total Giving
$135.9M
Recipients
1,317
Years Active
2018 - 2024
Avg grant: $82,191 Median: $30,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024219$21.6M $99K64154
2023582$41.8M $72K119171
2022239$29.3M $122K135104
2020433$26.8M $62K181118
2018292$16.4M $56K2710

Sectors Funded

Civil Rights & Advocacy
346
Human Services
208
Education
150
Public & Societal Benefit
131
Arts, Culture & Humanities
114
Community Improvement
106
Crime & Legal-Related
81
International & Foreign Affairs
78
and 16 more sectors

Top States

California
259
District of Columbia
186
New York
180
Florida
109
Massachusetts
86
Washington
74
Illinois
63
Georgia
58
and 40 more states

Grantee Size Profile

$1M - $5M
601
$100K - $500K
248
$10M - $50M
212
Over $50M
171
$5M - $10M
170
$500K - $1M
149
Under $100K
56

Top Grantees

Page 1 of 3
$22.8M
$8.9M
CA - 12 grants
$4.0M
MA - 7 grants
$3.1M
DC - 2 grants
$2.9M
$1.8M
$1.5M
MA - 3 grants
$1.3M
$1.3M

Grants Awarded · 1679 grants

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Financials

Total Revenue
$43,200,431
Total Expenses
$50,856,079
Net Assets
$60,783,570
106 employees 12 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
14.3 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 40.0%
Expenses ↑ 3.4%
Revenue Sources
Contributions 92.0% Earned revenue 3.8% Investment 4.2%
Expense Breakdown
Program 81.2% Management 14.6% Fundraising 4.1%

Officers & Trustees (17)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$43,200,431 ↓$50,856,079$60,783,570
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$73,102,909 ↑$49,221,407$69,055,138
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$72,042,119 ↑$49,172,889$68,046,047
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$62,955,408 ↑$59,655,544$45,053,555
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$43,033,810 ↑$41,019,615$31,570,037
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$32,715,202 $29,945,970$28,542,359

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EIN: 04-3243004 · Source: IRS Form 990 e-file data