Partners in Progress Inc

Analysis

Partners in Progress Inc is a registered charity in United States, based in Mansfield, PA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover employment, 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 June 2023, Partners in Progress Inc reported income of $7.6m and spending of $6.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $7.6m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partners in Progress Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Cities for Financial Empowerment Fund Inc ($7.6m), KML Carpenters Apprenticeship and Training Fund ($7.6m) and Community Action Partnership of Hennepin County ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $110k (1.6% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $9.2m against liabilities of $809k, net assets of $8.4m. It reported 224 employees.