Phillips E Patton Charitable Foundation
EIN: 541715989 · Spearfish, SD
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $41K |
| Net Assets | $621K |
Is Phillips E Patton Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Phillips E Patton Charitable Foundation
Phillips E Patton Charitable Foundation (EIN: 541715989) is a nonprofit organization based in Spearfish, SD. The organization reported total revenue of $145K and total assets of $607K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phillips E Patton Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phillips E Patton Charitable Foundation is a small nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $366K |
| Total Expenses | $41K |
| Surplus / Deficit | +$325K |
| Total Assets | $621K |
| Total Liabilities | $1 |
| Net Assets | $621K |
| Operating Margin | 88.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.2 months |
Financial Health Grade: A
In 2023, Phillips E Patton Charitable Foundation reported a surplus of $325K with revenue exceeding expenses, holds 180.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Phillips E Patton Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2716.4% | +314.3% | +109.7% |
| 2020 | -173.4% | -22.2% | -8.4% |
| 2019 | -48.7% | +31.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Phillips E Patton Charitable 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 Phillips E Patton Charitable 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 $325K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Phillips E Patton Charitable Foundation
Is Phillips E Patton Charitable Foundation a legitimate charity?
Phillips E Patton Charitable Foundation (EIN: 541715989) is a registered tax-exempt nonprofit based in South Dakota. It has 10 years of IRS 990 filings on record. Total revenue: $145K. No red flags identified. Financial health grade: A.
How does Phillips E Patton Charitable Foundation spend its money?
Phillips E Patton Charitable Foundation reported $145K 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 Phillips E Patton Charitable Foundation tax-deductible?
Phillips E Patton Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 541715989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Phillips E Patton Charitable Foundation located?
Phillips E Patton Charitable Foundation is headquartered in Spearfish, South Dakota and files with the IRS under EIN 541715989.
How many years of IRS 990 filings does Phillips E Patton Charitable Foundation have?
Phillips E Patton Charitable 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 $145K in total revenue.
Filing History
IRS 990 filing history for Phillips E Patton Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Phillips E Patton Charitable Foundation's revenue has grown by 1370.6%, moving from $25K to $366K. Total assets increased by 55.4% over the same period, from $400K to $621K. Total functional expenses rose by 59.7%, from $26K to $41K. In its most recent filing year (2023), Phillips E Patton Charitable Foundation reported a surplus of $325K, with revenue exceeding expenses. The organization holds $1 in liabilities against $621K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $621K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $366K | $41K | $621K | $1 | — | — |
| 2022 | $13K | $10K | $296K | $1 | — | View 990 |
| 2021 | $-20,826 | $27K | $293K | $1 | — | View 990 |
| 2020 | $-10,285 | $21K | $341K | $1 | — | View 990 |
| 2019 | $14K | $27K | $372K | $1 | — | View 990 |
| 2015 | $27K | $21K | $391K | $1 | — | View 990 |
| 2014 | $15K | $5K | $384K | $1 | — | View 990 |
| 2013 | $12K | $20K | $374K | $0 | — | View 990 |
| 2012 | $2K | $20K | $382K | $0 | — | View 990 |
| 2011 | $25K | $26K | $400K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $366K, expenses of $41K, and assets of $621K (revenue +2716.4% year-over-year).
- 2022: Revenue of $13K, expenses of $10K, and assets of $296K.
- 2021: Revenue of $-20,826, expenses of $27K, and assets of $293K.
- 2020: Revenue of $-10,285, expenses of $21K, and assets of $341K (revenue -173.4% year-over-year).
- 2019: Revenue of $14K, expenses of $27K, and assets of $372K (revenue -48.7% year-over-year).
- 2015: Revenue of $27K, expenses of $21K, and assets of $391K (revenue +82.5% year-over-year).
- 2014: Revenue of $15K, expenses of $5K, and assets of $384K (revenue +22.8% year-over-year).
- 2013: Revenue of $12K, expenses of $20K, and assets of $374K (revenue +709.0% year-over-year).
- 2012: Revenue of $2K, expenses of $20K, and assets of $382K (revenue -94.0% year-over-year).
- 2011: Revenue of $25K, expenses of $26K, and assets of $400K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phillips E Patton Charitable Foundation:
Data Sources and Methodology
This transparency report for Phillips E Patton Charitable 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.