Pattern

Analysis

Pattern is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Pattern reported income of $951k and spending of $773k, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $143k to $951k (+565%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pattern sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Vermont Council on Rural Development Inc ($951k), Tri Cities Diversity & Inclusion Council ($951k) and Adirondack Economic Development Corp ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $70k (9.1% of expenses). Other salaries and wages came to $72k. It paid $5,664 in professional fundraising fees. At year end it held assets of $414k against liabilities of $72k, net assets of $341k. It reported 3 employees.