Patricks Purpose Foundation

Analysis

Patricks Purpose Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in August 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 (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, Patricks Purpose Foundation reported income of $256k and spending of $150k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $256k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patricks Purpose Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Yerba Buena Parent Faculty Assoc ($256k), St Thomas Classical Academy ($256k) and Latitude Education ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.