Michael G Fitzpatrick Foundation

Analysis

Michael G Fitzpatrick Foundation is a registered charity in United States, based in Langhorne, PA. It received its IRS tax-exemption ruling in June 2021, 5 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, Michael G Fitzpatrick Foundation reported income of $145k and spending of $99k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $295k to $145k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michael G Fitzpatrick Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Friends of Ingraham High School ($145k), St Marys Elementary Schools Parent Teacher Organization ($145k) and Trans-Mississippi Turf Scholarship Fund ($145k).

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 $216k against liabilities of $0, net assets of $216k.