New Partners Inc

Analysis

New Partners Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Partners Inc reported income of $236.4m and spending of $240.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $290.4m to $236.4m (-19%), an average of -5.0% a year. 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 Partners Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Christian Community Foundation Inc ($233.0m), Greater Houston Community Foundation ($242.9m) and Marin Community Foundation ($232.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $443k (0.2% of expenses). Other salaries and wages came to $169.7m. At year end it held assets of $112.1m against liabilities of $62.0m, net assets of $50.2m. It reported 7,400 employees.