Patterson School Foundation Inc

Analysis

Patterson School Foundation Inc is a registered charity in United States, based in Patterson, NC. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Patterson School Foundation Inc reported income of $314k and spending of $325k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $314k (-79%), an average of -41% a year. The sharpest change came in the year to June 2022, when income rose by 221%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patterson School Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Future Farmers of America State Associations & Local Chapter ($314k), Friends of the Los Angeles County Law Library ($314k) and Western Wisconsin Ibewneca Apprenticeship and Training Trust ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 3.9% of the total. Other salaries and wages came to $12k. At year end it held assets of $2.7m against liabilities of $359k, net assets of $2.4m.