Project Patchwork

Analysis

Project Patchwork is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Patchwork reported income of $973k and spending of $697k, leaving 28% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $8,131 to $973k (+11861%), an average of +994% a year. The sharpest change came in the year to June 2023, when income rose by 11219%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Patchwork sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Making a Great Individual Contribution Inc ($973k), Combined Community Services Inc ($973k) and The Colleagues ($973k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $321k. It paid $2,400 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $689k, net assets of $859k. It reported 4 employees.