Paterson Family Foundation Inc
Paterson Family Foundation's assets have declined by over 80% in a decade, consistently spending more than it earns.
EIN: 205417463 · Montpelier, VT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $79K |
| Program Spending | 80% |
| Net Assets | $189K |
| Transparency Score | 65/100 |
Is Paterson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paterson Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paterson Family Foundation Inc
Paterson Family Foundation Inc (EIN: 205417463) is a nonprofit organization based in Montpelier, VT, classified under NTEE code T20. The organization reported total revenue of $106K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paterson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paterson Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $79K |
| Surplus / Deficit | $-16,675 |
| Total Assets | $189K |
| Total Liabilities | $1 |
| Net Assets | $189K |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.7 months |
Financial Health Grade: B
In 2021, Paterson Family Foundation Inc reported a deficit of $17K with expenses exceeding revenue, holds 28.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2021), Paterson Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +21.7% | -19.5% | -8.1% |
| 2020 | +192.1% | +37.4% | -41.6% |
| 2016 | -31.8% | -42.2% | -13.2% |
| 2015 | -65.5% | -14.6% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Paterson Family Foundation Inc with a Mission Score of 65 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, Paterson Family 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is excellent for an organization of this size and demonstrates a commitment to directing funds towards its mission rather than administrative salaries.
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 Paterson Family Foundation Inc's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) over multiple years, leading to asset depletion.
- Significant decline in total assets, from $715,557 in 2012 to $110,406 currently, representing an 84.5% decrease.
- Low and inconsistent revenue generation relative to expenses.
Strengths
The following positive indicators were identified for Paterson Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds in this area.
- Consistent filing of IRS Form 990s, demonstrating basic transparency.
- Low liabilities reported ($0 or $1 across all filings), suggesting good debt management.
Frequently Asked Questions about Paterson Family Foundation Inc
Is Paterson Family Foundation Inc a legitimate charity?
Paterson Family Foundation Inc (EIN: 205417463) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. Total revenue: $106K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Paterson Family Foundation Inc spend its money?
Paterson Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Paterson Family Foundation Inc tax-deductible?
Paterson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205417463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paterson Family Foundation Inc's spending goes to programs?
Paterson Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paterson Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Paterson Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Paterson Family Foundation Inc located?
Paterson Family Foundation Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 205417463. It is classified under NTEE code T20.
How many years of IRS 990 filings does Paterson Family Foundation Inc have?
Paterson Family Foundation Inc has 7 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 $106K in total revenue.
Is Paterson Family Foundation Inc. financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. It has consistently spent more than its revenue, leading to a significant depletion of assets from $715,557 in 2012 to $110,406 currently. This trend suggests it is not generating sufficient income to cover its expenses and maintain its asset base.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets appears to be the consistent pattern of expenses exceeding revenue. For instance, in 2021, expenses were $78,880 while revenue was $62,205, and in 2020, expenses were $97,980 against revenue of $51,096. This indicates the foundation has been drawing down its principal to cover operational costs and grantmaking.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or other compensation are paid to its officers.
Filing History
IRS 990 filing history for Paterson Family Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2021), Paterson Family Foundation Inc's revenue has grown by 57%, moving from $40K to $62K. Total assets decreased by 73.6% over the same period, from $716K to $189K. Total functional expenses fell by 12.3%, from $90K to $79K. In its most recent filing year (2021), Paterson Family Foundation Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1 in liabilities against $189K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $189K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $62K | $79K | $189K | $1 | — | — |
| 2020 | $51K | $98K | $206K | $1 | — | View 990 |
| 2016 | $17K | $71K | $352K | $1 | — | View 990 |
| 2015 | $26K | $123K | $406K | $0 | — | View 990 |
| 2014 | $74K | $144K | $504K | $0 | — | View 990 |
| 2013 | $-6,310 | $135K | $574K | $0 | — | View 990 |
| 2012 | $40K | $90K | $716K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $62K, expenses of $79K, and assets of $189K (revenue +21.7% year-over-year).
- 2020: Revenue of $51K, expenses of $98K, and assets of $206K (revenue +192.1% year-over-year).
- 2016: Revenue of $17K, expenses of $71K, and assets of $352K (revenue -31.8% year-over-year).
- 2015: Revenue of $26K, expenses of $123K, and assets of $406K (revenue -65.5% year-over-year).
- 2014: Revenue of $74K, expenses of $144K, and assets of $504K.
- 2013: Revenue of $-6,310, expenses of $135K, and assets of $574K (revenue -115.9% year-over-year).
- 2012: Revenue of $40K, expenses of $90K, and assets of $716K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paterson Family Foundation Inc:
Data Sources and Methodology
This transparency report for Paterson Family 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.