Patterson School Inc

Analysis

Patterson School Inc is a registered charity in United States, based in Patterson, NC. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 2023, Patterson School Inc reported income of $84k and spending of $1,459, leaving 98% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $339k to $84k (-75%), an average of -75% a year. The sharpest change came in the year to June 2023, when income dropped by 75%. Over the whole period it spent 0.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patterson School Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include The Barnacle Society Inc ($84k), Children Athletes and Artists Involved in Recreational Events in ($84k) and Chinese-Vietnamese Buddhist Association ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $414k, net assets of -$403k.