Patriot Foundation Inc

Analysis

Patriot Foundation Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Patriot Foundation Inc reported income of $120k and spending of $109k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $266k to $120k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patriot Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WV. Charities of a similar size with the same main cause include Baton Rouge Area Kids Fore Golf Foundation ($120k), Northridge Youth Athletic Association ($120k) and Little League Baseball Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.