Patriots Foundation
EIN: 453070364 · Urbandale, IA · NTEE: R05
| Metric | Value |
|---|---|
| Total Revenue | $359K |
| Total Expenses | $28K |
| Net Assets | $66K |
Is Patriots Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patriots Foundation
Patriots Foundation (EIN: 453070364) is a nonprofit organization based in Urbandale, IA, classified under NTEE code R05. The organization reported total revenue of $359K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patriots Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patriots Foundation is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $28K |
| Surplus / Deficit | +$62K |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | 68.7% |
| Months of Reserves | 28.1 months |
Financial Health Grade: A
In 2023, Patriots Foundation reported a surplus of $62K with revenue exceeding expenses, holds 28.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Patriots Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.0% | -95.0% | +1514.2% |
| 2022 | +106.5% | -57.9% | -98.4% |
| 2021 | -96.9% | -60.6% | -82.3% |
| 2020 | +5215.6% | +2420.4% | +40780.6% |
| 2019 | -83.9% | -74.1% | -92.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patriots 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 Patriots 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 surplus of $62K, with revenue exceeding expenses.
Frequently Asked Questions about Patriots Foundation
Is Patriots Foundation a legitimate charity?
Patriots Foundation (EIN: 453070364) is a registered tax-exempt nonprofit based in Iowa. It has 10 years of IRS 990 filings on record. Total revenue: $359K. No red flags identified. Financial health grade: A.
How does Patriots Foundation spend its money?
Patriots Foundation reported $359K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Patriots Foundation tax-deductible?
Patriots Foundation is registered as a tax-exempt nonprofit (EIN: 453070364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patriots Foundation located?
Patriots Foundation is headquartered in Urbandale, Iowa and files with the IRS under EIN 453070364. It is classified under NTEE code R05.
How many years of IRS 990 filings does Patriots Foundation have?
Patriots Foundation has 10 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 $359K in total revenue.
Filing History
IRS 990 filing history for Patriots Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Patriots Foundation's revenue has declined by 86.7%, moving from $678K to $90K. Total assets increased by 1284.5% over the same period, from $5K to $66K. Total functional expenses fell by 95.8%, from $673K to $28K. In its most recent filing year (2023), Patriots Foundation reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $28K | $66K | $0 | — | — |
| 2022 | $310K | $558K | $4K | $0 | — | View 990 |
| 2021 | $150K | $1.3M | $252K | $0 | — | View 990 |
| 2020 | $4.8M | $3.4M | $1.4M | $0 | — | — |
| 2019 | $90K | $133K | $3K | $0 | — | View 990 |
| 2018 | $560K | $514K | $47K | $0 | — | View 990 |
| 2017 | $110K | $125K | $857 | $0 | — | View 990 |
| 2016 | $200K | $186K | $16K | $0 | — | View 990 |
| 2015 | $562K | $564K | $3K | $0 | — | View 990 |
| 2014 | $678K | $673K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $28K, and assets of $66K (revenue -71.0% year-over-year).
- 2022: Revenue of $310K, expenses of $558K, and assets of $4K (revenue +106.5% year-over-year).
- 2021: Revenue of $150K, expenses of $1.3M, and assets of $252K (revenue -96.9% year-over-year).
- 2020: Revenue of $4.8M, expenses of $3.4M, and assets of $1.4M (revenue +5215.6% year-over-year).
- 2019: Revenue of $90K, expenses of $133K, and assets of $3K (revenue -83.9% year-over-year).
- 2018: Revenue of $560K, expenses of $514K, and assets of $47K (revenue +409.1% year-over-year).
- 2017: Revenue of $110K, expenses of $125K, and assets of $857 (revenue -44.9% year-over-year).
- 2016: Revenue of $200K, expenses of $186K, and assets of $16K (revenue -64.5% year-over-year).
- 2015: Revenue of $562K, expenses of $564K, and assets of $3K (revenue -17.1% year-over-year).
- 2014: Revenue of $678K, expenses of $673K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patriots Foundation:
Data Sources and Methodology
This transparency report for Patriots 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.