Patriot Housing Project

Analysis

Patriot Housing Project is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in August 2013, 13 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 December 2023, Patriot Housing Project reported income of $288k and spending of $248k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $242k to $288k (+19%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Patriot Housing Project sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Western Maryland Food Bank Inc ($288k), Fish of McHenry ($288k) and Compass Womens Center ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). At year end it held assets of $700k against liabilities of $549k, net assets of $151k. It reported 3 employees.