Partnership Academy Inc

Analysis

Partnership Academy Inc is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Partnership Academy Inc reported income of $11.1m and spending of $11.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $11.1m (+81%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Aileron Corp ($11.1m), Kingsman Academy Public Charter School ($11.1m) and Jefferson Rise Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $496k (4.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $8.4m against liabilities of $10.4m, net assets of -$1.9m. It reported 130 employees.