Partners for Education and Business Inc

Analysis

Partners for Education and Business Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Partners for Education and Business Inc reported income of $535k and spending of $456k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $469k to $535k (+14%), an average of +2.6% a year. The sharpest change came in the year to June 2024, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Partners for Education and Business Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Alliance in Mentorship ($535k), Plainfield Area Select Soccer Ltd ($535k) and Girls on the Run of Bexar County ($535k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $257k. At year end it held assets of $44k against liabilities of $48k, net assets of -$4,346. It reported 10 employees.