Michael and Mauritia Patcha Foundation Inc

Analysis

Michael and Mauritia Patcha Foundation Inc is a registered charity in United States, based in Burtonsville, MD. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Michael and Mauritia Patcha Foundation Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $2.6m (+468%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 985%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Michael and Mauritia Patcha Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Junior Achievement of New Jersey ($2.6m), Munathara Initiative ($2.6m) and Gods Child Project ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $1,964, net assets of $48k.