Project Patch

Analysis

Project Patch is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in September 1996, 30 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, Project Patch reported income of $3.3m and spending of $3.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $3.3m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Patch sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Thriftology Inc ($3.3m), Transitions of Pa ($3.3m) and Mankato Youth Place Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $126k (3.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.4m against liabilities of $586k, net assets of $3.8m. It reported 52 employees.