Partners for Community Inc

Analysis

Partners for Community Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Partners for Community Inc reported income of $2.1m and spending of $2.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.1m (+31%), an average of +7.1% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partners for Community Inc 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 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include San Juan Basin Area Agency on Aging Inc ($2.1m), North West Housing Partnership ($2.1m) and Christian Prison Ministry Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $250k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $546k against liabilities of $748k, net assets of -$201k. It reported 25 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.