Patrick Henry Family Services Inc

Analysis

Patrick Henry Family Services Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Patrick Henry Family Services Inc reported income of $5.0m and spending of $4.2m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $12.1m to $5.0m (-59%), an average of -20% a year. The sharpest change came in the year to June 2022, when income dropped by 58%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Patrick Henry Family Services Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Community Sharing Program ($5.0m), Senior Citizens Home Assistance Service Inc ($5.0m) and Concord Childrens Center Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 0.0% of the total. At year end it held assets of $61.3m against liabilities of $38k, net assets of $61.2m.