Patricks Pals Inc

Analysis

Patricks Pals Inc is a registered charity in United States, based in White Hse Sta, NJ. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Patricks Pals Inc reported income of $159k and spending of $112k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $159k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Patricks Pals Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Birchas Ohr Hachaim Inc ($159k), The Morton and Amy Friedkin Supporting Foundation ($159k) and Wome Womens Soccer Club Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.