AI Transparency Report
The Patriot Foundation demonstrates strong financial health and a commendable commitment to its program services. In its latest filing (202312), the organization reported a significant revenue of $10,441,031 against expenses of $3,800,108, indicating a substantial surplus that has contributed to its growing asset base of $8,603,244. This growth is particularly notable when compared to previous years, such as 202212 where revenue was $3,205,144 and assets were $1,727,446. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on directing funds towards its mission rather than executive salaries.
The foundation's spending efficiency appears robust, with a clear emphasis on program delivery. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The substantial increase in assets and revenue over recent years, particularly the jump in revenue from $3.2 million in 2022 to over $10.4 million in 2023, points to effective fundraising and donor confidence. The low liabilities across most years also suggest sound financial management and a low-risk profile.