Partners for Progress NFP

Analysis

Partners for Progress NFP is a registered charity in United States, based in Wauconda, IL. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Partners for Progress NFP reported income of $1.2m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $765k to $1.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners for Progress NFP sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Refugee Support Services of Thecarolinas Inc ($1.2m), Maverick Landing Community Servicesinc ($1.2m) and Greater Maple Valley Community Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 44% of the total. Other salaries and wages came to $356k. At year end it held assets of $621k against liabilities of $83k, net assets of $538k. It reported 16 employees.