Gary Patterson Foundation

Analysis

Gary Patterson Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 2002, 24 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, Gary Patterson Foundation reported income of $1.5m and spending of $1.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $1.5m (+797%), an average of +73% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gary Patterson Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Malama Loko Ea Foundation ($1.5m), Ashland Area Foundation ($1.5m) and United Way of Cumberland County Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $36k. At year end it held assets of $521k against liabilities of $983, net assets of $520k. It reported 1 employees.