Partnership Inc

Analysis

Partnership Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Partnership Inc reported income of $3.6m and spending of $4.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Partnership Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Community Action Partnership of Oregon ($3.6m), Childrens Museum of Richmond ($3.6m) and Association of Childrens Museums Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $572k (14% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.0m against liabilities of $191k, net assets of $5.9m. It reported 19 employees.