Partnership for Cures

Analysis

Partnership for Cures is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 July 2024, Partnership for Cures reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.3m to $1.8m (+41%), an average of +7.2% a year. The sharpest change came in the year to July 2020, when income rose by 105%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Partnership for Cures sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include New Earth Recovery ($1.8m), Frontier Nursing Service Inc ($1.8m) and Private Duty Services Inc ($1.8m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $200k (12% of expenses). At year end it held assets of $4.9m against liabilities of $1.5m, net assets of $3.4m. It reported 3 employees.