Patter Pets Inc
Patter Pets Inc. shows consistent revenue growth but has operated at a deficit in recent years, while reducing liabilities.
EIN: 205082639 · Columbia, SC · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $193K |
| Program Spending | 80% |
| Net Assets | $41K |
| Transparency Score | 75/100 |
Is Patter Pets Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patter Pets Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patter Pets Inc
Patter Pets Inc (EIN: 205082639) is a nonprofit organization based in Columbia, SC, classified under NTEE code D20. The organization reported total revenue of $191K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patter Pets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patter Pets Inc is a small nonprofit that has been operating for 19 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $193K |
| Surplus / Deficit | $-6,974 |
| Total Assets | $50K |
| Total Liabilities | $9K |
| Net Assets | $41K |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 18.8% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Patter Pets Inc reported a deficit of $7K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 18.8% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Patter Pets Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | +5.9% | -18.0% |
| 2022 | +0.7% | +24.5% | -17.2% |
| 2021 | +27.7% | +30.8% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| 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 Patter Pets Inc with a Mission Score of 75 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, Patter Pets 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.8%.
Executive Compensation Analysis
Patter Pets Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Patter Pets Inc's IRS 990 filings:
- Consistent operational deficits in recent years (2022, 2023)
- Declining asset base from $73,602 in 2021 to $49,987 in 2023
Strengths
The following positive indicators were identified for Patter Pets Inc:
- Consistent revenue growth over the past four years
- Significant reduction in liabilities from $40,454 in 2020 to $9,422 in 2023
- 0% officer compensation reported, indicating high administrative efficiency or volunteer leadership
Frequently Asked Questions about Patter Pets Inc
Is Patter Pets Inc a legitimate charity?
Patter Pets Inc (EIN: 205082639) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 4 years of IRS 990 filings on record. Total revenue: $191K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Patter Pets Inc spend its money?
Patter Pets Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Patter Pets Inc tax-deductible?
Patter Pets Inc is registered as a tax-exempt nonprofit (EIN: 205082639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Patter Pets Inc's spending goes to programs?
Patter Pets Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Patter Pets Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Patter Pets Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Patter Pets Inc located?
Patter Pets Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 205082639. It is classified under NTEE code D20.
How many years of IRS 990 filings does Patter Pets Inc have?
Patter Pets Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $191K in total revenue.
Is Patter Pets Inc. financially sustainable given its recent operating deficits?
Patter Pets Inc. has reported expenses exceeding revenue in 2022 ($182,098 vs $173,411) and 2023 ($192,760 vs $185,786). While assets have decreased, liabilities have also significantly reduced, suggesting some financial restructuring. Long-term sustainability will depend on addressing these deficits.
How does Patter Pets Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership roles are filled by volunteers, or compensation is structured in a way that it is not reported as officer compensation on the 990-EZ. This indicates a highly cost-efficient administrative model.
What is the trend in Patter Pets Inc.'s asset base?
Patter Pets Inc.'s assets have shown a declining trend, from $73,602 in 2021 to $49,987 in 2023. This decrease, alongside operational deficits, suggests the organization may be drawing down reserves or experiencing asset depreciation.
Filing History
IRS 990 filing history for Patter Pets Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Patter Pets Inc's revenue has grown by 37.8%, moving from $135K to $186K. Total assets decreased by 29.3% over the same period, from $71K to $50K. Total functional expenses rose by 72.4%, from $112K to $193K. In its most recent filing year (2023), Patter Pets Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $9K in liabilities against $50K in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $193K | $50K | $9K | — | View 990 |
| 2022 | $173K | $182K | $61K | $13K | — | View 990 |
| 2021 | $172K | $146K | $74K | $17K | — | — |
| 2020 | $135K | $112K | $71K | $40K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $193K, and assets of $50K (revenue +7.1% year-over-year).
- 2022: Revenue of $173K, expenses of $182K, and assets of $61K (revenue +0.7% year-over-year).
- 2021: Revenue of $172K, expenses of $146K, and assets of $74K (revenue +27.7% year-over-year).
- 2020: Revenue of $135K, expenses of $112K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patter Pets Inc:
Data Sources and Methodology
This transparency report for Patter Pets 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.