National Council on Patent Practicum Inc

Analysis

National Council on Patent Practicum Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Council on Patent Practicum Inc reported income of $123k and spending of $144k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $123k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Council on Patent Practicum Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Michigan Universities Coalition on Health Inc ($123k), Asc Educational Foundation Inc ($123k) and Sister Cities of Vandalia Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. At year end it held assets of $43k against liabilities of $13k, net assets of $30k.