Patriots Jet Team Foundation

Analysis

Patriots Jet Team Foundation is a registered charity in United States, based in Discovery Bay, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Patriots Jet Team Foundation reported income of $372k and spending of $187k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $372k (+49%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 829%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patriots Jet Team Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Virginia Academy of Science ($372k), Batavia Artists Association ($372k) and Fort Worth Early Music ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.