Matthew Patton Foundation
EIN: 473599680 · Bristol, RI · NTEE: F01
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $84K |
| Net Assets | $188K |
Is Matthew Patton Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Matthew Patton Foundation
Matthew Patton Foundation (EIN: 473599680) is a nonprofit organization based in Bristol, RI, classified under NTEE code F01. The organization reported total revenue of $18K and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthew Patton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthew Patton Foundation is a micro nonprofit that has been operating for 11 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -75.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $84K |
| Surplus / Deficit | $-68,398 |
| Total Assets | $188K |
| Net Assets | $188K |
| Operating Margin | -430.8% |
| Months of Reserves | 26.8 months |
Financial Health Grade: B
In 2023, Matthew Patton Foundation reported a deficit of $68K with expenses exceeding revenue, holds 26.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Matthew Patton Foundation's revenue has declined at a compound annual growth rate (CAGR) of -75.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +228.3% | +347.8% | -26.7% |
| 2022 | -98.1% | +151.5% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Matthew Patton Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Matthew Patton Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
Frequently Asked Questions about Matthew Patton Foundation
Is Matthew Patton Foundation a legitimate charity?
Matthew Patton Foundation (EIN: 473599680) is a registered tax-exempt nonprofit based in Rhode Island. It has 3 years of IRS 990 filings on record. Total revenue: $18K. No red flags identified. Financial health grade: B.
How does Matthew Patton Foundation spend its money?
Matthew Patton Foundation reported $18K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Matthew Patton Foundation tax-deductible?
Matthew Patton Foundation is registered as a tax-exempt nonprofit (EIN: 473599680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Matthew Patton Foundation located?
Matthew Patton Foundation is headquartered in Bristol, Rhode Island and files with the IRS under EIN 473599680. It is classified under NTEE code F01.
How many years of IRS 990 filings does Matthew Patton Foundation have?
Matthew Patton Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $18K in total revenue.
Filing History
IRS 990 filing history for Matthew Patton Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Matthew Patton Foundation's revenue has declined by 93.8%, moving from $256K to $16K. Total assets decreased by 30.4% over the same period, from $271K to $188K. Total functional expenses rose by 1026.4%, from $7K to $84K. In its most recent filing year (2023), Matthew Patton Foundation reported a deficit of $68K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $84K | $188K | $0 | — | View 990 |
| 2022 | $5K | $19K | $257K | $0 | — | View 990 |
| 2021 | $256K | $7K | $271K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $84K, and assets of $188K (revenue +228.3% year-over-year).
- 2022: Revenue of $5K, expenses of $19K, and assets of $257K (revenue -98.1% year-over-year).
- 2021: Revenue of $256K, expenses of $7K, and assets of $271K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthew Patton Foundation:
Data Sources and Methodology
This transparency report for Matthew Patton Foundation 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.