Patris Corde Hermitage

Analysis

Patris Corde Hermitage is a registered charity in United States, based in Parshall, CO. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Patris Corde Hermitage reported income of $818k and spending of $67k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $818k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 5.2% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Patris Corde Hermitage sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Khmer Buddhist Humanity Association Inc ($817k), Teen Flow ($818k) and Justice for All Inc ($817k).

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 $1.8m against liabilities of $822, net assets of $1.8m.