Patterson Family Foundation
Patterson Family Foundation reports over $1.17 billion in revenue and $1.52 billion in assets in 2021, with 0% officer compensation.
EIN: 207550081 · Kansas City, MO · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3B |
| Total Expenses | $28.4M |
| Program Spending | 90% |
| Net Assets | $1.5B |
| Transparency Score | 85/100 |
Is Patterson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patterson Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patterson Family Foundation
Patterson Family Foundation (EIN: 207550081) is a nonprofit organization based in Kansas City, MO, classified under NTEE code T22. The organization reported total revenue of $1.3B and total assets of $1.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patterson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patterson Family Foundation is a major nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 160.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2B |
| Total Expenses | $28.4M |
| Surplus / Deficit | +$1.1B |
| Total Assets | $1.5B |
| Total Liabilities | $443 |
| Net Assets | $1.5B |
| Operating Margin | 97.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 645.0 months |
Financial Health Grade: A
In 2021, Patterson Family Foundation reported a surplus of $1.1B with revenue exceeding expenses, holds 645.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Patterson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 160.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1111.9% | +109.1% | +281.6% |
| 2020 | +106.5% | +160.0% | +54.7% |
| 2019 | +227.4% | +913.5% | +1309.4% |
| 2015 | +412.4% | +15.2% | +274.4% |
| 2014 | +222.7% | +4.0% | +74.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Patterson Family Foundation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Patterson Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1B, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Patterson Family Foundation consistently reports 0% officer compensation across all available filing periods, indicating that no salaries or other compensation are paid to its officers. This suggests a strong commitment to directing financial resources entirely towards the foundation's philanthropic activities and operational costs, rather than executive remuneration.
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 Patterson Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
Strengths
The following positive indicators were identified for Patterson Family Foundation:
- Exceptional financial growth and asset accumulation (e.g., $1.52 billion in assets in 2021)
- Consistent 0% officer compensation across all filings
- Very low expense ratio relative to revenue, indicating efficient operations
- Significant financial capacity for philanthropic impact
Frequently Asked Questions about Patterson Family Foundation
Is Patterson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Patterson Family Foundation (EIN: 207550081) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Patterson Family Foundation spend its money?
Patterson Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Patterson Family Foundation tax-deductible?
Patterson Family Foundation is registered as a tax-exempt nonprofit (EIN: 207550081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Patterson Family Foundation's spending goes to programs?
Patterson Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Patterson Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Patterson 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 Patterson Family Foundation located?
Patterson Family Foundation is headquartered in Kansas City, Missouri and files with the IRS under EIN 207550081. It is classified under NTEE code T22.
How many years of IRS 990 filings does Patterson Family Foundation have?
Patterson Family Foundation has 8 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 $1.3B in total revenue.
Is Patterson Family Foundation a good charity?
Based on the available data, the Patterson Family Foundation appears to be a financially robust and well-managed entity. Its significant asset base ($1.52 billion in 2021) and consistent reporting of 0% officer compensation are strong positive indicators. However, without a detailed breakdown of program spending versus administrative costs, a full assessment of its charitable impact efficiency is limited.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses are remarkably low relative to its revenue, especially in recent years. For example, in 2021, expenses were $28.39 million against $1.17 billion in revenue. This suggests a highly efficient operational model, likely focused on grant-making where the majority of funds are distributed rather than consumed by internal operations.
What is the growth trajectory of the foundation's assets?
The foundation has experienced explosive asset growth, particularly between 2020 and 2021. Assets grew from $399.8 million in 2020 to $1.52 billion in 2021, demonstrating a substantial increase in its financial capacity and endowment.
Filing History
IRS 990 filing history for Patterson Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Patterson Family Foundation's revenue has grown by 1434175%, moving from $82K to $1.2B. Total assets increased by 58931.9% over the same period, from $2.6M to $1.5B. Total functional expenses rose by 7394.1%, from $379K to $28.4M. In its most recent filing year (2021), Patterson Family Foundation reported a surplus of $1.1B, with revenue exceeding expenses. The organization holds $443 in liabilities against $1.5B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.2B | $28.4M | $1.5B | $443 | — | — |
| 2020 | $96.9M | $13.6M | $399.8M | $5K | — | View 990 |
| 2019 | $46.9M | $5.2M | $258.4M | $40K | — | View 990 |
| 2015 | $14.3M | $515K | $18.3M | $0 | — | View 990 |
| 2014 | $2.8M | $447K | $4.9M | $0 | — | View 990 |
| 2013 | $867K | $430K | $2.8M | $0 | — | View 990 |
| 2012 | $104K | $150K | $2.5M | $0 | — | View 990 |
| 2011 | $82K | $379K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.2B, expenses of $28.4M, and assets of $1.5B (revenue +1111.9% year-over-year).
- 2020: Revenue of $96.9M, expenses of $13.6M, and assets of $399.8M (revenue +106.5% year-over-year).
- 2019: Revenue of $46.9M, expenses of $5.2M, and assets of $258.4M (revenue +227.4% year-over-year).
- 2015: Revenue of $14.3M, expenses of $515K, and assets of $18.3M (revenue +412.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $447K, and assets of $4.9M (revenue +222.7% year-over-year).
- 2013: Revenue of $867K, expenses of $430K, and assets of $2.8M (revenue +730.4% year-over-year).
- 2012: Revenue of $104K, expenses of $150K, and assets of $2.5M (revenue +27.5% year-over-year).
- 2011: Revenue of $82K, expenses of $379K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patterson Family Foundation:
Data Sources and Methodology
This transparency report for Patterson 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.