Partnership Schools

Analysis

Partnership Schools is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Partnership Schools reported income of $27.5m and spending of $24.4m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.9m to $27.5m (+178%), an average of +29% a year. The sharpest change came in the year to August 2021, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Partnership Schools 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 97th percentile within NY. Charities of a similar size with the same main cause include Foundation for Jewish Philanthropies ($27.5m), Liberty Hill Foundation ($27.6m) and Hyundai Hope on Wheels ($27.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $1.3m (5.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $55.4m against liabilities of $638k, net assets of $54.8m. It reported 53 employees.