Presque Isle Partnership Inc

Analysis

Presque Isle Partnership Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Presque Isle Partnership Inc reported income of $324k and spending of $274k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $422k to $324k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Presque Isle Partnership Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Greater Grand Forks Youth Football Association ($324k), Woodland Gymnastic Inc ($324k) and Pop Warner Little Scholars Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $67k (25% of expenses). Other salaries and wages came to $16k. At year end it held assets of $334k against liabilities of $1,129, net assets of $333k. It reported 2 employees.