Patriot Military Family Foundation
Patriot Military Family Foundation maintains stable assets and zero officer compensation amidst fluctuating annual revenues.
EIN: 205416722 · Mooresville, NC · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $529K |
| Total Expenses | $249K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $639K |
| Transparency Score | 92/100 |
Is Patriot Military Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patriot Military Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patriot Military Family Foundation
Patriot Military Family Foundation (EIN: 205416722) is a nonprofit organization based in Mooresville, NC, classified under NTEE code W30. The organization reported total revenue of $529K and total assets of $666K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patriot Military Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patriot Military Family Foundation is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $249K |
| Surplus / Deficit | +$2K |
| Total Assets | $639K |
| Net Assets | $639K |
| Operating Margin | 0.6% |
| Months of Reserves | 30.8 months |
Financial Health Grade: A
In 2023, Patriot Military Family Foundation reported a surplus of $2K with revenue exceeding expenses, holds 30.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Patriot Military Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.0% | -54.7% | +0.5% |
| 2022 | -10.7% | +52.4% | -14.4% |
| 2021 | +77.0% | +67.9% | +24.2% |
| 2020 | -12.3% | +9.3% | +13.4% |
| 2019 | +60.9% | -10.0% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Patriot Military Family 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 Military Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is highly commendable for an organization of its size with assets reaching over $600,000.
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 Military Family Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Experienced a substantial deficit in 2022, with expenses ($550,807) significantly exceeding revenue ($447,954).
Strengths
The following positive indicators were identified for Patriot Military Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong asset growth over the past decade, from $75,706 in 2014 to $639,145 in 2023.
- Maintains a healthy balance sheet with zero reported liabilities in most recent filings.
- Long history of IRS 990 filings (11 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Patriot Military Family Foundation
Is Patriot Military Family Foundation a legitimate charity?
Patriot Military Family Foundation (EIN: 205416722) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $529K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Patriot Military Family Foundation spend its money?
Patriot Military Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Patriot Military Family Foundation tax-deductible?
Patriot Military Family Foundation is registered as a tax-exempt nonprofit (EIN: 205416722). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Patriot Military Family Foundation CEO make?
Patriot Military Family Foundation's highest-compensated officer earns $600,000. annually. The organization reported $529K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Patriot Military Family Foundation's spending goes to programs?
Patriot Military Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Patriot Military Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Patriot Military Family Foundation is above average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Patriot Military Family Foundation located?
Patriot Military Family Foundation is headquartered in Mooresville, North Carolina and files with the IRS under EIN 205416722. It is classified under NTEE code W30.
How many years of IRS 990 filings does Patriot Military Family Foundation have?
Patriot Military Family Foundation 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 $529K in total revenue.
Is Patriot Military Family Foundation a good charity?
Based on the available data, Patriot Military Family Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not used for executive salaries, and it maintains a healthy asset base. While revenue fluctuates, the organization generally manages its expenses well.
How has the organization's financial health changed over time?
The organization's financial health has shown growth in assets from $75,706 in 2014 to $639,145 in 2023. Revenue has been volatile, but expenses have generally been managed to maintain a stable or growing asset base, with a notable deficit in 2022.
What is the trend in the organization's revenue?
The organization's revenue has shown significant year-to-year fluctuations, with no clear upward or downward trend, indicating potential reliance on variable funding sources or event-based fundraising. For example, revenue was $538,235 in 2015, dropped to $200,673 in 2018, and was $250,832 in 2023.
Filing History
IRS 990 filing history for Patriot Military Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Patriot Military Family Foundation's revenue has declined by 14.8%, moving from $294K to $251K. Total assets increased by 744.2% over the same period, from $76K to $639K. Total functional expenses fell by 3.4%, from $258K to $249K. In its most recent filing year (2023), Patriot Military Family Foundation reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $249K | $639K | $0 | — | View 990 |
| 2022 | $448K | $551K | $636K | $0 | — | View 990 |
| 2021 | $501K | $361K | $743K | $0 | — | View 990 |
| 2020 | $283K | $215K | $599K | $0 | — | View 990 |
| 2019 | $323K | $197K | $528K | $0 | — | View 990 |
| 2018 | $201K | $219K | $398K | $0 | — | View 990 |
| 2017 | $528K | $508K | $418K | $0 | — | View 990 |
| 2016 | $260K | $253K | $404K | $8K | — | View 990 |
| 2015 | $538K | $244K | $389K | $0 | — | View 990 |
| 2014 | $294K | $258K | $76K | $0 | — | View 990 |
| 2013 | $294K | $258K | $76K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $249K, and assets of $639K (revenue -44.0% year-over-year).
- 2022: Revenue of $448K, expenses of $551K, and assets of $636K (revenue -10.7% year-over-year).
- 2021: Revenue of $501K, expenses of $361K, and assets of $743K (revenue +77.0% year-over-year).
- 2020: Revenue of $283K, expenses of $215K, and assets of $599K (revenue -12.3% year-over-year).
- 2019: Revenue of $323K, expenses of $197K, and assets of $528K (revenue +60.9% year-over-year).
- 2018: Revenue of $201K, expenses of $219K, and assets of $398K (revenue -62.0% year-over-year).
- 2017: Revenue of $528K, expenses of $508K, and assets of $418K (revenue +103.1% year-over-year).
- 2016: Revenue of $260K, expenses of $253K, and assets of $404K (revenue -51.6% year-over-year).
- 2015: Revenue of $538K, expenses of $244K, and assets of $389K (revenue +82.9% year-over-year).
- 2014: Revenue of $294K, expenses of $258K, and assets of $76K (revenue +0.0% year-over-year).
- 2013: Revenue of $294K, expenses of $258K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patriot Military Family Foundation:
Data Sources and Methodology
This transparency report for Patriot Military 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.