Partnership Academy Association

Analysis

Partnership Academy Association is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Partnership Academy Association reported income of $986k and spending of $986k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53k to $986k (+1767%), an average of +108% a year. The sharpest change came in the year to June 2020, when income rose by 1048%. Over the whole period it spent 138% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership Academy Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Anoka County Agricultural Society ($986k), McDonalds Playworld Community Development Inc ($986k) and Northwest Indian College Foundation ($985k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $12.6m against liabilities of $14.3m, net assets of -$1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.