Patricia E & John D Bassett III Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Patricia E & John D Bassett III Foundation is a 501(c)(3) organization based in Galax, Virginia, registered in 1969, with $153,788 in FY2024 revenue. CharityIndex grades it C+.
Po Box 110, Galax, VA, 24333 EIN 23-7066445 Since 1969
Revenue (FY2024)
$154K
▲ 276.9% vs prior year
Expenses (FY2024)
$86K
Net assets
$949K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Patricia E & John D Bassett III Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating132 mo reserves · +44% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Patricia E & John D Bassett III Foundation: 132 mo reserves · +44% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Patricia E & John D Bassett III Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Patricia E & John D Bassett III Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $72K (FY2013) to $154K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $949K
Operating margin
43.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$949K
Total liabilities
$0
Net assets
$949K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $153,788▲277% | $86,256▲19.1% | $948,950▲7.7% | $948,950▲7.7% | 990PF |
| 2023 | $40,802▼33.1% | $72,406▼20.7% | $881,418▼3.5% | $881,418▼3.5% | 990PF |
| 2022 | $61,035▼7.3% | $91,307▲7.1% | $913,022▼3.2% | $913,022▼3.2% | 990PF |
| 2021 | $65,869▲6.8% | $85,274▲12.6% | $943,294▼2.0% | $943,294▼2.0% | 990PF |
| 2020 | $61,654▼37.9% | $75,755▼3.9% | $962,699▼1.4% | $962,699▼1.4% | 990PF |
| 2019 | $99,224▼67.1% | $78,801▲25.8% | $976,800▲2.1% | $976,800▲2.1% | 990PF |
| 2018 | $301,473▲398% | $62,640▼41.4% | $956,377▲33.3% | $956,377▲33.3% | 990PF |
| 2017 | $60,536▼34.0% | $106,933▲106% | $717,544▼6.1% | $717,544▼6.1% | 990PF |
| 2016 | $91,774▲98.0% | $51,875▲2.0% | $763,941▲5.5% | $763,941▲5.5% | 990PF |
| 2015 | $46,353▼55.4% | $50,861▲156% | $724,042▼0.6% | $724,042▼0.6% | 990PF |
| 2014 | $103,907▲43.5% | $19,840▼58.7% | $728,550▲13.0% | $728,550▲13.0% | 990PF |
| 2013 | $72,387 | $48,015▲2.1% | $644,483▲4.1% | $644,483▲4.1% | 990PF |
| 2012 | — | $47,009▼7.0% | $618,811▼0.5% | $618,811▼0.5% | 990PF |
| 2011 | — | $50,536▲17.9% | $622,021▲4.8% | $622,021▲4.4% | 990PF |
| 2009 | — | $42,871 | $593,470 | $595,970 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Patricia E & John D Bassett III Foundation a legitimate nonprofit?
- Yes. Patricia E & John D Bassett III Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7066445, based in Galax, Virginia. Donations are tax-deductible.
- What is Patricia E & John D Bassett III Foundation's EIN?
- Patricia E & John D Bassett III Foundation's Employer Identification Number (EIN) is 23-7066445.
- How much revenue does Patricia E & John D Bassett III Foundation report?
- Patricia E & John D Bassett III Foundation reported $153,788 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Patricia E & John D Bassett III Foundation have?
- CharityIndex grades Patricia E & John D Bassett III Foundation C+, based on financial health (reserves and operating margin).
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Data for Patricia E & John D Bassett III Foundation (EIN 23-7066445) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.