Patrick Henry College 
The information on this page was last updated 5/14/2025. If you see errors or omissions, please email: [email protected]
Summary
PHC is Equipping Godly Leaders Who Will Lead the Nation and Shape the Culture.
Contact information
Mailing address:
Patrick Henry College
10 Patrick Henry Circle
Purcellville, VA 20132
Website: phc.edu
Phone: 540-338-1776
Email: [email protected]
Organization details
EIN: 541919810
CEO/President: Jack Haye
Chairman: Mike Wright
Board size: 17
Founder: Michael Farris
Ruling year: 2000
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
The unique fusion of three commitments sets Patrick Henry College apart from any other college in the world. PHC prepares its graduates to make an immediate and enduring impact for Christ and for liberty.
High Academic Rigor
Fidelity to the Spirit of the American Founding
Unwavering Biblical Worldview
Mission statement
The Mission of Patrick Henry College is to prepare Christian men and women who will lead our nation and shape our culture with timeless biblical values and fidelity to the spirit of the American founding. Educating students according to a classical liberal arts curriculum and training them with apprenticeship methodology, the College provides academically excellent baccalaureate-level higher education with a biblical worldview.
Statement of faith
The College is, and shall always remain, a Christian institution dedicated to bringing honor and glory to the Lord Jesus Christ in all of its activities.
Each trustee, officer, faculty member, and student of the College, as well as all other employees and agents of the College as may be specified by resolution of the Board of Trustees, shall fully and enthusiastically subscribe to the following Statement of Faith:
There is one God, eternally existent in three Persons: Father, Son, and Holy Spirit.
God is Spirit, and those who worship Him must worship Him in Spirit and in truth.
Jesus Christ, born of a virgin, is God come in the flesh.
The Bible in its entirety (all 66 books of the Old and New Testaments) is the inspired Word of God, inerrant in its original autographs, and the only infallible and sufficient authority for faith and Christian living.
Man is by nature sinful and is inherently in need of salvation, which is exclusively found by faith alone in Jesus Christ and His shed blood.
Christ's death provides substitutionary atonement for our sins.
Personal salvation comes to mankind by grace through faith.
Jesus Christ literally rose bodily from the dead.
Jesus Christ literally will come to earth again in the Second Advent.
Satan exists as a personal, malevolent being who acts as tempter and accuser, for whom Hell, the place of eternal punishment, was prepared, where all who die outside of Christ shall be confined in conscious torment for eternity.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 805 of 1134 | 104 of 129 |
| Fund acquisition rating | | 783 of 1134 | 100 of 129 |
| Resource allocation rating | | 421 of 1134 | 31 of 129 |
| Asset utilization rating | | 896 of 1134 | 118 of 129 |
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 15% | 16% | 16% | 18% | 13% | 12% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 4% | 4% | 5% | 4% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 16% | 29% | 27% | 26% | 32% | 36% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 5% | 5% | 5% | 4% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 84% | 71% | 73% | 74% | 68% | 64% |
| Operating ratios | Sector median | 2024 | 2023 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 88% | 89% | 89% | 89% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 93% | 95% | 97% | 99% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 84% | 82% | 85% | 87% | 88% | 88% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 7% | 5% | 3% | 1% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 3% | 2% | 1% | 0% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 7% | 6% | 6% | 7% | 6% |
| Investing ratios | Sector median | 2024 | 2023 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.39 | 0.38 | 0.40 | 0.37 | 0.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.71 | 6.21 | 5.02 | 6.92 | 6.38 | 4.65 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.43 | 2.43 | 1.90 | 2.78 | 2.39 | 1.70 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.41 | 4.79 | 4.81 | 3.73 | 5.34 | 9.88 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.21 | 0.21 | 0.27 | 0.19 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.97 | 3.91 | 5.01 | 3.16 | 4.08 | 6.33 |
| Solvency ratios | Sector median | 2024 | 2023 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 23% | 11% | 12% | 4% | 8% | 16% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% | 5% | 14% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 150% | 228% | 232% | 239% | 246% | 228% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2021 | 2020 | 2019 |
| Cash | $5,620,209 | $7,059,196 | $2,274,683 | $2,218,446 | $4,418,546 |
| Receivables, inventories, prepaids | $2,197,082 | $2,469,425 | $3,580,902 | $4,322,732 | $5,435,163 |
| Short-term investments | $20,313 | $10,871 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,837,604 | $9,539,492 | $5,855,585 | $6,541,178 | $9,853,709 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $37,002,824 | $34,191,940 | $34,487,382 | $35,043,362 | $35,770,543 |
| Other long-term assets | $3,796,376 | $4,159,758 | $167,579 | $167,579 | $167,579 |
| Total long-term assets | $40,799,200 | $38,351,698 | $34,654,961 | $35,210,941 | $35,938,122 |
| Total assets | $48,636,804 | $47,891,190 | $40,510,546 | $41,752,119 | $45,791,831 |
| Liabilities | 2024 | 2023 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $835,590 | $1,073,833 | $786,631 | $695,527 | $547,899 |
| Other current liabilities | $799,841 | $907,517 | $785,317 | $529,211 | $449,592 |
| Total current liabilities | $1,635,431 | $1,981,350 | $1,571,948 | $1,224,738 | $997,491 |
| Debt | $0 | $0 | $0 | $2,023,668 | $6,470,509 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $3,559,097 | $3,932,479 | $0 | $0 | $0 |
| Total long-term liabilities | $3,559,097 | $3,932,479 | $0 | $2,023,668 | $6,470,509 |
| Total liabilities | $5,194,528 | $5,913,829 | $1,571,948 | $3,248,406 | $7,468,000 |
| Net assets | 2024 | 2023 | 2021 | 2020 | 2019 |
| Without donor restrictions | $41,047,426 | $39,809,917 | $37,629,113 | $37,232,476 | $37,021,164 |
| With donor restrictions | $2,394,850 | $2,167,444 | $1,309,485 | $1,271,237 | $1,302,667 |
| Net assets | $43,442,276 | $41,977,361 | $38,938,598 | $38,503,713 | $38,323,831 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2021 | 2020 | 2019 |
| Total contributions | $5,908,358 | $5,209,678 | $4,313,806 | $5,047,353 | $6,190,302 |
| Program service revenue | $13,586,635 | $13,286,049 | $11,747,880 | $9,982,467 | $9,869,118 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $343,917 | ($72,799) | $217,638 | $284,375 | $358,044 |
| Other revenue | $674,523 | $542,252 | $444,323 | $512,102 | $565,350 |
| Total other revenue | $14,605,075 | $13,755,502 | $12,409,841 | $10,778,944 | $10,792,512 |
| Total revenue | $20,513,433 | $18,965,180 | $16,723,647 | $15,826,297 | $16,982,814 |
| Expenses | 2024 | 2023 | 2021 | 2020 | 2019 |
| Program services | $16,799,984 | $16,117,550 | $14,491,708 | $13,920,971 | $14,934,438 |
| Management and general | $1,329,194 | $1,155,893 | $1,028,212 | $1,088,550 | $1,086,593 |
| Fundraising | $917,155 | $833,080 | $768,842 | $636,894 | $764,525 |
| Total expenses | $19,046,333 | $18,106,523 | $16,288,762 | $15,646,415 | $16,785,556 |
| Change in net assets | 2024 | 2023 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,467,100 | $858,657 | $434,885 | $179,882 | $197,258 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,467,100 | $858,657 | $434,885 | $179,882 | $197,258 |
Compensation
| Name | Title | Compensation |
| Jack Haye | President | $284,338 |
| Thomas Ziemnick | VP For Advancement | $181,503 |
| N Daryl Wolking | Treasurer & VP of Finance | $174,572 |
| Mark Mitchell | Dean of Academic Affairs | $152,571 |
| Douglas Favelo | Professor | $151,315 |
| Rodney Showalter | Secretary & VP of Institut | $147,566 |
| Jeff Good | Director of IT | $126,334 |
| Michael Haynes | Professor | $125,355 |
| Scott Bedrosian | Senior Advancement Officer | $116,762 |
Compensation data as of: 6/30/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/14/2025. To update the information below, please email: [email protected]
History
Patrick Henry College is a unique academic community where students are challenged to grow spiritually, intellectually, and socially. Our rigorous education is built upon a robust classical liberal arts curriculum, and the centrality of the Bible reflects our commitment to the core tenets of the Protestant expression of orthodox Christianity. Additionally, the PHC curriculum features an apprenticeship component that provides students with professional experience in their chosen fields.
The College was founded in 2000 with a vision to preserve America by educating the best and brightest Christian young people to take their place as future leaders of the nation and its culture. The founder of the College, constitutional attorney Michael Farris, had established the Home School Legal Defense Association in the 1980s. Home-school parents frequently asked him about colleges: Where was a college they could trust for Biblical teaching, academic rigor, and a nurturing spiritual environment for their gifted young students? In the late 1990s Farris concluded that there was both a need and an opportunity for a college like Patrick Henry College.
With initial funding provided by the HSLDA and a handful of generous individual donors, Patrick Henry College opened its doors in the fall of 2000 with 8 faculty members and 87 students. Dr. Farris was the president, and government was the only major offered, taking advantage of the many internships and other apprenticeship opportunities in the nation's capital, which is within commuting distance from the campus at Purcellville, Virginia.
The State Council of Higher Education for Virginia (SCHEV) granted Patrick Henry College the authority to grant Bachelor of Arts degrees, and in the years ahead approved additional academic programs from both the Department of Government and the Department of Classical Liberal Arts. The college began attracting national attention for the quality of its academic programs, its Moot Court championships, and the reputation of its interns on Capitol Hill.
In April 2006, Dr. Farris assumed the office of Chancellor, and Graham Walker was named the college's second president. In April 2007, the college received accreditation by the Transnational Association of Christian Colleges and Schools (TRACS), an accrediting agency recognized by the United States Department of Education (USDE), the Council for Higher Education Accreditation (CHEA), and the International Network for Quality Assurance Agencies in Higher Education (INQAAHE).
The Barbara Hodel Center-featuring dining commons, coffee house, gymnasium, exercise facilities, classrooms, and offices-was opened in the Fall of 2009, greatly enhancing the Student Life offerings on campus. This also allowed for a major library expansion when the former dining hall was converted into a second floor of the library. In 2015, the Board of Trustees voted unanimously to appoint Jack W. Haye as the College's third president.
In June 2022, Patrick Henry College earned regional accreditation from the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) to award baccalaureate-level degrees. Patrick Henry College continues its track record of giving high-achieving Christian students a stellar education, equipping them, in the words of the College Mission statement, to "lead the nation and shape the culture," not in a quest for power, but in a spirit of service that is motivated by the love of Christ.