Patriot Foundation

Analysis

Patriot Foundation is a registered charity in United States, based in Pinehurst, NC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Patriot Foundation reported income of $10.4m and spending of $3.8m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $10.4m (+877%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 272%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patriot Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Special Olympics Southern California Inc ($10.4m), Southern California Volleyball Association ($10.5m) and New England Futbol Club Inc ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $94k. At year end it held assets of $8.6m against liabilities of $2,622, net assets of $8.6m. It reported 3 employees.