Patriot Foundation
Patriot Foundation experiences significant revenue growth and maintains zero officer compensation.
EIN: 200232968 · Pinehurst, NC · NTEE: N11 · Updated: 2026-03-28
Is Patriot Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patriot Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patriot Foundation
Patriot Foundation (EIN: 200232968) is a nonprofit organization based in Pinehurst, NC, classified under NTEE code N11. The organization reported total revenue of $4.9M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patriot Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Patriot Foundation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Patriot Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Patriot Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly favorable for directing funds towards the organization's mission.
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 Patriot Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult without full 990 access.
Strengths
The following positive indicators were identified for Patriot Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Significant revenue growth, particularly from $3.2M in 2022 to $10.4M in 2023.
- Strong asset growth, from $211,724 in 2014 to $8,603,244 in 2023.
- Low liabilities across most filing periods, suggesting sound financial management.
- Positive net income (revenue exceeding expenses) in all reported periods, contributing to asset accumulation.
Frequently Asked Questions about Patriot Foundation
Is Patriot Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Patriot Foundation (EIN: 200232968) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Patriot Foundation spend its money?
Patriot Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Patriot Foundation tax-deductible?
Patriot Foundation is registered as a tax-exempt nonprofit (EIN: 200232968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Patriot Foundation a good charity?
Based on the provided financial data, Patriot Foundation appears to be a very good charity. It demonstrates strong financial growth, maintains a healthy asset base, and notably reports 0% officer compensation, indicating a high dedication to its mission.
How has Patriot Foundation's revenue changed over time?
Patriot Foundation has shown significant revenue growth, especially in recent years. Revenue jumped from $3,205,144 in 2022 to $10,441,031 in 2023, a substantial increase from earlier years like $508,929 in 2014.
What is the organization's asset growth like?
The organization's assets have grown considerably, from $211,724 in 2014 to $8,603,244 in 2023, reflecting strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for Patriot Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patriot Foundation's revenue has grown by 1243.4%, moving from $777K to $10.4M. Total assets increased by 4686.3% over the same period, from $180K to $8.6M. Total functional expenses rose by 444.1%, from $698K to $3.8M. In its most recent filing year (2023), Patriot Foundation reported a surplus of $6.6M, with revenue exceeding expenses. The organization holds $3K in liabilities against $8.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $3.8M | $8.6M | $3K | — | — |
| 2022 | $3.2M | $2.7M | $1.7M | $8K | — | — |
| 2021 | $862K | $753K | $1.5M | $20K | — | View 990 |
| 2020 | $1.4M | $1.2M | $1.7M | $360K | — | — |
| 2019 | $1.1M | $968K | $1.1M | $1K | — | View 990 |
| 2018 | $910K | $816K | $1.0M | $4K | — | View 990 |
| 2017 | $1.1M | $737K | $935K | $24K | — | View 990 |
| 2016 | $839K | $674K | $545K | $7K | — | View 990 |
| 2015 | $798K | $545K | $374K | $1K | — | View 990 |
| 2014 | $509K | $410K | $212K | $3K | — | View 990 |
| 2013 | $423K | $385K | $159K | $49K | — | View 990 |
| 2012 | $502K | $616K | $71K | $512 | — | View 990 |
| 2011 | $777K | $698K | $180K | $904 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $3.8M, and assets of $8.6M (revenue +225.8% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.7M, and assets of $1.7M (revenue +271.7% year-over-year).
- 2021: Revenue of $862K, expenses of $753K, and assets of $1.5M (revenue -39.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $1.7M (revenue +32.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $968K, and assets of $1.1M (revenue +17.4% year-over-year).
- 2018: Revenue of $910K, expenses of $816K, and assets of $1.0M (revenue -18.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $737K, and assets of $935K (revenue +32.2% year-over-year).
- 2016: Revenue of $839K, expenses of $674K, and assets of $545K (revenue +5.2% year-over-year).
- 2015: Revenue of $798K, expenses of $545K, and assets of $374K (revenue +56.7% year-over-year).
- 2014: Revenue of $509K, expenses of $410K, and assets of $212K (revenue +20.2% year-over-year).
- 2013: Revenue of $423K, expenses of $385K, and assets of $159K (revenue -15.7% year-over-year).
- 2012: Revenue of $502K, expenses of $616K, and assets of $71K (revenue -35.3% year-over-year).
- 2011: Revenue of $777K, expenses of $698K, and assets of $180K.
Data Sources and Methodology
This transparency report for Patriot 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.