Jericho Partnership Inc

Analysis

Jericho Partnership Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Jericho Partnership Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $1.5m (-46%), an average of -14% a year. The sharpest change came in the year to August 2021, when income dropped by 40%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jericho Partnership Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Pipeline Inc ($1.5m), National Association of Secretaries of State Inc ($1.5m) and Word of Hope Ministries Inc ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Other salaries and wages came to $795k. At year end it held assets of $937k against liabilities of $44k, net assets of $892k. It reported 67 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.