Partnership Foundation Inc

Analysis

Partnership Foundation Inc is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Partnership Foundation Inc reported income of $55k and spending of $767k, spending 1399% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $63k to $55k (-13%), an average of -3.3% a year. The sharpest change came in the year to September 2020, when income rose by 1916%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within MS. Charities of a similar size with the same main cause include Main Street Guthrie Center ($55k), Junior League of Akron Ohio Inc ($55k) and Blowing Rock Civic Association ($55k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.1m against liabilities of $744, net assets of $2.1m.