The Long Island City Partnership Inc

Analysis

The Long Island City Partnership Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, The Long Island City Partnership Inc reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.5m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Long Island City 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 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Ending Homelessness Group ($1.5m), Chicago Network Inc ($1.5m) and Centro Obrero Del Fronterizo Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $233k (14% of expenses). Other salaries and wages came to $749k. At year end it held assets of $1.1m against liabilities of $255k, net assets of $851k. It reported 15 employees.