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Indiana · Nonprofit
PROGENY FOUNDATION INC (Indiana) is funded by 7 grantmakers whose IRS filings report $654,930 in grants to it, the largest being NATIONAL PHILANTHROPIC TRUST ($278,000). 5 of them have funded it in more than one year.
Against its field
PROGENY FOUNDATION INC holds deeper cash reserves than three-quarters of the 5,357 youth development nonprofits its size.
this organization peer median middle 50% of peers· 5,357 youth development nonprofits $100k–$1M, FY2024
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
Grant income rose $6k → $10k on a roughly flat funder count — a concentrated base.
6 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PROGENY FOUNDATION INC’s funders (the co-funder graph). Association, not causation.
PROGENY FOUNDATION INC leans on a few funders — its largest provides 42% of grant income and the top three 74%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2020 85% · 2021 40% · 2022 52% · 2023 100% · 2024 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
PROGENY FOUNDATION INC draws 90% of its grant income from funders outside Indiana — its reputation reaches beyond the state, across 7 states in all.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing