Partnership for Strong Communities Inc

Analysis

Partnership for Strong Communities Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Partnership for Strong Communities Inc reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership for Strong Communities Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Shamrock Foundation Inc ($1.7m), BGC I Nonprofit Housing Corporation ($1.7m) and Eureka Rescue Mission ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $247k (23% of expenses). Other salaries and wages came to $350k. At year end it held assets of $2.4m against liabilities of $26k, net assets of $2.4m. It reported 8 employees.