Partners for Sacred Places Inc

Analysis

Partners for Sacred Places Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Sacred Places Inc reported income of $3.3m and spending of $3.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Partners for Sacred Places Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Society of Tribologists & Lubrication Engineers ($3.3m), Westhampton Beach Performing Arts Center Inc ($3.3m) and Chicken & Egg Pictures Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $242k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.6m against liabilities of $8.9m, net assets of $2.8m. It reported 31 employees.