Patrick Henry College

Analysis

Patrick Henry College is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Patrick Henry College reported income of $20.5m and spending of $19.0m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $15.8m to $20.5m (+30%), an average of +6.7% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patrick Henry College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Uwharrie Green School Inc ($20.5m), Bronx Charter School for Better Learning ($20.5m) and Hispanic Association of Colleges and Universities ($20.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.1m (5.6% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $48.6m against liabilities of $5.2m, net assets of $43.4m. It reported 326 employees.