Partnership for Public Service Inc

Analysis

Partnership for Public Service Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover employment, 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 December 2023, Partnership for Public Service Inc reported income of $24.7m and spending of $27.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.7m to $24.7m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership for Public Service Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Outlook-Nebraska Inc ($24.7m), W E Upjohn Unemployment Trustee Corporation ($24.8m) and The Fedcap Group Inc ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $1.5m (5.6% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $45.1m against liabilities of $21.6m, net assets of $23.5m. It reported 248 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.