Lack of detailed program spending breakdown in the provided summary data, making it difficult to assess specific impact.
Strengths
Strong asset base ($1,763,226) providing long-term stability.
Zero reported officer compensation across all filings, indicating highly efficient administrative overhead.
Minimal liabilities ($1 across all periods) demonstrating strong financial health.
Consistent filing history (9 filings) indicating good transparency and compliance.
Spending Breakdown
How Patrick Family Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Patrick Family Foundation
Is Patrick Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Patrick Family Foundation (EIN: 203309379) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Patrick Family Foundation a good charity to donate to?
Patrick Family Foundation has a Mission Score of 80/100. Revenue: $868K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Patrick Family Foundation?
The Employer Identification Number (EIN) for Patrick Family Foundation is 203309379. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Patrick Family Foundation spend its money?
Patrick Family Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Patrick Family Foundation's tax-exempt status?
You can verify Patrick Family Foundation's tax-exempt status using EIN 203309379 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Patrick Family Foundation demonstrates consistent financial stability with substantial assets, currently at $1,763,226. However, its operational model appears to be primarily grant-making, as indicated by the NTEE code T22 (Private Grantmaking Foundations). The foundation has consistently spent more than it has brought in through revenue in most recent years, for example, in 2022, revenue was $79,408 while expenses were $128,130. This suggests it is drawing down on its endowment or investment income, which is typical for private foundations. The absence of officer compensation reported across all filings indicates a lean operational structure, contributing to spending efficiency by minimizing administrative overhead related to salaries. The foundation's liabilities have consistently been minimal ($1), indicating strong financial health and no significant debt burden.
Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, the lack of officer compensation is a positive indicator for minimizing administrative costs. The foundation's consistent asset base, despite fluctuating revenues and expenses, suggests prudent management of its endowment. Transparency is generally good, with nine years of public filings available, allowing for a historical review of its financial activities. The consistent reporting of minimal liabilities and zero officer compensation across all periods enhances confidence in its financial reporting.