Partners for Peace

Analysis

Partners for Peace is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Partners for Peace reported income of $2.4m and spending of $2.7m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners for Peace sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include Hollywood Senior Center ($2.4m), Down Syndrome Association of Wisconsin Inc ($2.4m) and Soar Youth Ministries ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $128k (4.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $507k, net assets of $2.7m. It reported 29 employees.