Patrician Arms

Analysis

Patrician Arms is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2024, Patrician Arms reported income of $617k and spending of $701k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $542k to $617k (+14%), an average of +3.3% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patrician Arms 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 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Lincoln Midget Football League Inc ($617k), Interfaith Shelter Network of San D Iego ($617k) and Hospice of San Luis Obispo County ($617k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $141k. At year end it held assets of $2.4m against liabilities of $77k, net assets of $2.4m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.