New York City Partnership Foundation Inc

Analysis

New York City Partnership Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, New York City Partnership Foundation Inc reported income of $7.2m and spending of $9.0m, spending 125% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.8m to $7.2m (+92%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New York City Partnership Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Sparkjoy Foundation ($7.2m), New Morning ($7.2m) and Minnesota Independence College and Community ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $718k (8.0% of expenses). Other salaries and wages came to $404k. At year end it held assets of $43.4m against liabilities of $550k, net assets of $42.9m.