Patrick Family Foundation
Patrick Family Foundation consistently spends more than its annual revenue, drawing from its substantial asset base.
EIN: 203309379 · Greer, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $868K |
| Total Expenses | $128K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1,763,226 |
| Net Assets | $1.9M |
| Transparency Score | 80/100 |
Is Patrick Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patrick Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patrick Family Foundation
Patrick Family Foundation (EIN: 203309379) is a nonprofit organization based in Greer, SC, classified under NTEE code T22. The organization reported total revenue of $868K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patrick Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patrick Family Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $128K |
| Surplus / Deficit | $-48,722 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -61.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.8 months |
Financial Health Grade: B
In 2022, Patrick Family Foundation reported a deficit of $49K with expenses exceeding revenue, holds 173.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Patrick Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -66.1% | -9.1% | -1.9% |
| 2021 | +240.5% | +13.9% | +4.5% |
| 2020 | -14.9% | +1.9% | -2.9% |
| 2019 | +99.4% | -2.1% | -5.0% |
| 2015 | -87.3% | -9.0% | -3.9% |
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 Patrick Family Foundation with a Mission Score of 80 out of 100 (Excellent). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Patrick Family Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, 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, indicating that the foundation operates without paid officers or that compensation is covered by other entities, which is highly efficient for an organization of its asset size ($1,763,226).
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 Patrick Family Foundation's IRS 990 filings:
- Consistent annual expenses exceeding annual revenue, indicating reliance on asset drawdowns.
- Lack of detailed program spending breakdown in the provided summary data, making it difficult to assess specific impact.
Strengths
The following positive indicators were identified for Patrick Family Foundation:
- Strong asset base ($1,763,226) providing long-term stability.
- Zero reported officer compensation across all filings, indicating highly efficient administrative overhead.
- Minimal liabilities ($1 across all periods) demonstrating strong financial health.
- Consistent filing history (9 filings) indicating good transparency and compliance.
Frequently Asked Questions about Patrick Family Foundation
Is Patrick Family Foundation a legitimate charity?
Patrick Family Foundation (EIN: 203309379) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 80/100. It has 9 years of IRS 990 filings on record. Total revenue: $868K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Patrick Family Foundation spend its money?
Patrick Family Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Patrick Family Foundation tax-deductible?
Patrick Family Foundation is registered as a tax-exempt nonprofit (EIN: 203309379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Patrick Family Foundation CEO make?
Patrick Family Foundation's highest-compensated officer earns $1,763,226 annually. The organization reported $868K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Patrick Family Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Patrick Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Patrick Family Foundation located?
Patrick Family Foundation is headquartered in Greer, South Carolina and files with the IRS under EIN 203309379. It is classified under NTEE code T22.
How many years of IRS 990 filings does Patrick Family Foundation have?
Patrick Family Foundation has 9 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 $868K in total revenue.
How does the Patrick Family Foundation sustain its operations given that expenses frequently exceed revenue?
The foundation likely sustains its operations by drawing from its substantial asset base and investment returns, as indicated by its consistent asset levels despite periods where expenses ($128,130 in 2022) exceeded revenue ($79,408 in 2022).
What specific programs or grants does the Patrick Family Foundation support?
The provided data does not detail specific programs or grants. As a private grantmaking foundation (NTEE T22), its primary activity would be issuing grants to other organizations or individuals.
What is the source of the foundation's revenue?
The provided data does not specify the source of revenue, but for a private foundation, it typically includes investment income, contributions, and potentially gains from asset sales.
Does the foundation have any paid staff?
The filings consistently report 0% officer compensation, suggesting that the foundation operates with unpaid leadership or that any administrative support is provided pro bono or through other arrangements not reflected as officer compensation.
Filing History
IRS 990 filing history for Patrick Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Patrick Family Foundation's revenue has grown by 94.5%, moving from $41K to $79K. Total assets increased by 1.5% over the same period, from $1.8M to $1.9M. Total functional expenses rose by 33.5%, from $96K to $128K. In its most recent filing year (2022), Patrick Family Foundation reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $79K | $128K | $1.9M | $1 | — | View 990 |
| 2021 | $234K | $141K | $1.9M | $1 | — | View 990 |
| 2020 | $69K | $124K | $1.8M | $1 | — | — |
| 2019 | $81K | $121K | $1.9M | $1 | — | View 990 |
| 2015 | $41K | $124K | $2.0M | $1 | — | View 990 |
| 2014 | $320K | $136K | $2.0M | $1 | — | View 990 |
| 2013 | $220K | $112K | $1.9M | $1 | — | View 990 |
| 2012 | $47K | $119K | $1.8M | $1 | — | View 990 |
| 2011 | $41K | $96K | $1.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $79K, expenses of $128K, and assets of $1.9M (revenue -66.1% year-over-year).
- 2021: Revenue of $234K, expenses of $141K, and assets of $1.9M (revenue +240.5% year-over-year).
- 2020: Revenue of $69K, expenses of $124K, and assets of $1.8M (revenue -14.9% year-over-year).
- 2019: Revenue of $81K, expenses of $121K, and assets of $1.9M (revenue +99.4% year-over-year).
- 2015: Revenue of $41K, expenses of $124K, and assets of $2.0M (revenue -87.3% year-over-year).
- 2014: Revenue of $320K, expenses of $136K, and assets of $2.0M (revenue +45.8% year-over-year).
- 2013: Revenue of $220K, expenses of $112K, and assets of $1.9M (revenue +367.7% year-over-year).
- 2012: Revenue of $47K, expenses of $119K, and assets of $1.8M (revenue +15.0% year-over-year).
- 2011: Revenue of $41K, expenses of $96K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patrick Family Foundation:
Data Sources and Methodology
This transparency report for Patrick Family 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.