Patrick County Education Foundation

Analysis

Patrick County Education Foundation is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. 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 June 2024, Patrick County Education Foundation reported income of $115k and spending of $200, leaving 100% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $131k to $115k (-12%), an average of -12% a year. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patrick County Education Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($115k), Zell Volunteer Fire Department ($115k) and Louisiana 4-H Foundation ($115k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.