Patrick Henry College Foundation

Analysis

Patrick Henry College Foundation is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Patrick Henry College Foundation reported income of $443k and spending of $36k, leaving 92% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $443k (+120%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 9.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Patrick Henry College Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Greater Polson Community Foundation Inc ($443k), Riverside Sheriffs Charities Inc ($443k) and Heart of Oklahoma Youth Rodeo Association ($443k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $3.3m against liabilities of $172k, net assets of $3.1m.