Patriots Cove Inc

Analysis

Patriots Cove Inc is a registered charity in United States, based in Noxen, PA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Patriots Cove Inc reported income of $1.2m and spending of $273k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $1.2m (+434%), an average of +434% a year. The sharpest change came in the year to December 2023, when income rose by 434%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patriots Cove Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Circleville-Pickaway Community Improvement Corp ($1.2m), Big Sky Ski Education Foundation ($1.2m) and War Horse News ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.