J W Patterson Foundation Inc

Analysis

J W Patterson Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, J W Patterson Foundation Inc reported income of $87k and spending of $53k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $87k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, J W Patterson Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include J Frank Dobie Band Parents Organization ($87k), Pmac & Auxiliary Medical Foundation ($87k) and Uvalde Welfare and Recreation Association ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $316k against liabilities of $0, net assets of $316k.