Joseph A Patrick Foundation Inc
Joseph A Patrick Foundation maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 136208825 · Glen Ridge, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $838K |
| Total Expenses | $231K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5.8 |
| Net Assets | $5.7M |
| Transparency Score | 75/100 |
Is Joseph A Patrick Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph A Patrick Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph A Patrick Foundation Inc
Joseph A Patrick Foundation Inc (EIN: 136208825) is a nonprofit organization based in Glen Ridge, NJ. The organization reported total revenue of $838K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph A Patrick Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph A Patrick Foundation Inc is a small nonprofit that has been operating for 60 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $231K |
| Surplus / Deficit | +$62K |
| Total Assets | $5.7M |
| Total Liabilities | $29K |
| Net Assets | $5.7M |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 295.2 months |
Financial Health Grade: A
In 2023, Joseph A Patrick Foundation Inc reported a surplus of $62K with revenue exceeding expenses, holds 295.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Joseph A Patrick Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.9% | -30.1% | +1.0% |
| 2022 | -37.1% | +33.4% | -1.6% |
| 2021 | +1046.1% | +50.3% | +1.8% |
| 2020 | -39.5% | -13.2% | -2.0% |
| 2019 | -86.3% | -41.9% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joseph A Patrick Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Joseph A Patrick Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its asset size ($5.8 million).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Joseph A Patrick Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2013.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes efficiency assessment challenging.
Strengths
The following positive indicators were identified for Joseph A Patrick Foundation Inc:
- Consistent filing of IRS 990s, demonstrating transparency and compliance.
- Stable asset base, consistently around $5.7 million, indicating financial resilience.
- 0% reported officer compensation across all filings, suggesting low administrative overhead related to executive pay.
Frequently Asked Questions about Joseph A Patrick Foundation Inc
Is Joseph A Patrick Foundation Inc a legitimate charity?
Joseph A Patrick Foundation Inc (EIN: 136208825) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $838K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Joseph A Patrick Foundation Inc spend its money?
Joseph A Patrick Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Joseph A Patrick Foundation Inc tax-deductible?
Joseph A Patrick Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136208825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Joseph A Patrick Foundation Inc CEO make?
Joseph A Patrick Foundation Inc's highest-compensated officer earns $5.8 annually. The organization reported $838K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Joseph A Patrick Foundation Inc's spending goes to programs?
Joseph A Patrick Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Joseph A Patrick Foundation Inc located?
Joseph A Patrick Foundation Inc is headquartered in Glen Ridge, New Jersey and files with the IRS under EIN 136208825.
How many years of IRS 990 filings does Joseph A Patrick Foundation Inc have?
Joseph A Patrick Foundation Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $838K in total revenue.
What are the specific program activities funded by the Joseph A Patrick Foundation?
The provided data does not detail the specific program activities. Further investigation into the organization's mission statement or detailed 990 forms would be necessary to understand its programmatic focus.
How does the foundation manage its investments given its significant asset base?
With assets consistently around $5.7 million, the foundation likely has an investment strategy. However, the provided data does not offer insights into its investment management practices or returns beyond the reported revenue figures.
What caused the negative revenue reported in 2013?
The filing for Period 201312 shows a revenue of $-392,949. This could be due to investment losses, significant asset write-downs, or other non-operating adjustments. A deeper dive into that specific 990 filing would be required to understand the exact cause.
Filing History
IRS 990 filing history for Joseph A Patrick Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Joseph A Patrick Foundation Inc's revenue has declined by 23.7%, moving from $384K to $293K. Total assets decreased by 13.2% over the same period, from $6.5M to $5.7M. Total functional expenses fell by 2.7%, from $237K to $231K. In its most recent filing year (2023), Joseph A Patrick Foundation Inc reported a surplus of $62K, with revenue exceeding expenses. The organization holds $29K in liabilities against $5.7M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $293K | $231K | $5.7M | $29K | — | — |
| 2022 | $238K | $331K | $5.6M | $33K | — | View 990 |
| 2021 | $379K | $248K | $5.7M | $26K | — | View 990 |
| 2020 | $33K | $165K | $5.6M | $32K | — | View 990 |
| 2019 | $55K | $190K | $5.7M | $17K | — | — |
| 2015 | $399K | $327K | $5.8M | $566 | — | View 990 |
| 2014 | $230K | $318K | $5.7M | $1 | — | View 990 |
| 2013 | $-392,949 | $324K | $5.8M | $4K | — | View 990 |
| 2012 | $227K | $337K | $6.5M | $3K | — | View 990 |
| 2011 | $362K | $281K | $6.6M | $6K | — | View 990 |
| 2010 | $384K | $237K | $6.5M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $293K, expenses of $231K, and assets of $5.7M (revenue +22.9% year-over-year).
- 2022: Revenue of $238K, expenses of $331K, and assets of $5.6M (revenue -37.1% year-over-year).
- 2021: Revenue of $379K, expenses of $248K, and assets of $5.7M (revenue +1046.1% year-over-year).
- 2020: Revenue of $33K, expenses of $165K, and assets of $5.6M (revenue -39.5% year-over-year).
- 2019: Revenue of $55K, expenses of $190K, and assets of $5.7M (revenue -86.3% year-over-year).
- 2015: Revenue of $399K, expenses of $327K, and assets of $5.8M (revenue +73.6% year-over-year).
- 2014: Revenue of $230K, expenses of $318K, and assets of $5.7M.
- 2013: Revenue of $-392,949, expenses of $324K, and assets of $5.8M (revenue -272.9% year-over-year).
- 2012: Revenue of $227K, expenses of $337K, and assets of $6.5M (revenue -37.2% year-over-year).
- 2011: Revenue of $362K, expenses of $281K, and assets of $6.6M (revenue -5.7% year-over-year).
- 2010: Revenue of $384K, expenses of $237K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph A Patrick Foundation Inc:
Data Sources and Methodology
This transparency report for Joseph A Patrick Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.