Working Partnerships Incorporated

Analysis

Working Partnerships Incorporated is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Working Partnerships Incorporated reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $1.0m (+327%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 324%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Working Partnerships Incorporated 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 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Project 412 ($1.0m), Oak Creek Day Habilitaton Vocational Center ($1.0m) and New Jersey Chamber of Commerce Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $89k (8.0% of expenses). Other salaries and wages came to $67k. At year end it held assets of $693k against liabilities of $627, net assets of $692k. It reported 2 employees.