St Patrick Foundation

Analysis

St Patrick Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, St Patrick Foundation reported income of $165k and spending of $200k, spending 121% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $87k to $165k (+90%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Patrick Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Friends of the Farris Inc ($165k), Bellefonte Art Museum for Centre County ($165k) and Polari Inc ($165k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. At year end it held assets of $1,108 against liabilities of $0, net assets of $1,108. It reported 1 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.