Partners for Health Inc

Analysis

Partners for Health Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Partners for Health Inc reported income of $9.3m and spending of $2.2m, leaving 76% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $9.3m (+312%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Partners for Health Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Little Sisters of the Poor Home for the Aged Inc ($9.3m), Farnham Inc ($9.3m) and Columbus Colony for Elderly Care Inc ($9.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.3% of the total. Compensation of current officers, directors and key employees was $165k (7.4% of expenses). Other salaries and wages came to $220k. At year end it held assets of $40.2m against liabilities of $696k, net assets of $39.5m. It reported 4 employees.