Quick charity verification for Patterson Family Foundation (EIN: 207550081)
Verdict: Patterson Family Foundation appears trustworthy
85/100Mission Score
$1.3BRevenue
$1.5BAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in summary data
Strengths
Exceptional financial growth and asset accumulation (e.g., $1.52 billion in assets in 2021)
Consistent 0% officer compensation across all filings
Very low expense ratio relative to revenue, indicating efficient operations
Significant financial capacity for philanthropic impact
Spending Breakdown
How Patterson Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Patterson Family Foundation
Is Patterson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Patterson Family Foundation (EIN: 207550081) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Patterson Family Foundation a good charity to donate to?
Patterson Family Foundation has a Mission Score of 85/100. Revenue: $1.3B. Assets: $1.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Patterson Family Foundation?
The Employer Identification Number (EIN) for Patterson Family Foundation is 207550081. 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 Patterson Family Foundation spend its money?
Patterson Family Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Patterson Family Foundation's tax-exempt status?
You can verify Patterson Family Foundation's tax-exempt status using EIN 207550081 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 Patterson Family Foundation demonstrates exceptional financial growth and robust asset accumulation, particularly evident in its latest filing period (202112) where revenue surged to over $1.17 billion and assets reached $1.52 billion. This substantial financial capacity positions the foundation to make significant philanthropic impact. However, a detailed breakdown of expenses beyond the total reported is not provided in the summary data, making it challenging to fully assess spending efficiency across programs, administration, and fundraising. The foundation consistently reports 0% officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries.
While the foundation's financial scale is impressive, the lack of granular expense data in the provided summary limits a comprehensive analysis of its operational efficiency and program spending ratio. For instance, in 202112, expenses were $28.39 million against over $1.17 billion in revenue, suggesting a very low expense ratio relative to income, which is typical for a grant-making foundation. To fully evaluate spending efficiency, a deeper dive into the nature of these expenses (e.g., grants paid vs. operational costs) would be necessary.
Overall, the Patterson Family Foundation appears to be a financially strong and growing entity, with a clear commitment to not compensating its officers. Its transparency could be further enhanced by publicly detailing its grant-making activities and the specific allocation of its operational expenses.