Patriot Services Group Inc

Analysis

Patriot Services Group Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Patriot Services Group Inc reported income of $36.2m and spending of $60.3m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.1m to $36.2m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patriot Services Group Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Galloway School Inc ($36.2m), Techsoup Global ($36.2m) and Visiting Nurse Association of Florida Inc ($36.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 101% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $334.8m against liabilities of $389.4m, net assets of -$54.6m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.