Hamilton Partnership for Paterson Inc

Analysis

Hamilton Partnership for Paterson Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, 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 2024, Hamilton Partnership for Paterson Inc reported income of $403k and spending of $276k, leaving 31% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.5m to $403k (-84%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 78%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hamilton Partnership for Paterson Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Main Street Oregon City ($403k), Williston Parks & Recreation Foundation Inc ($403k) and North Side Business Club ($403k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (26% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.7m against liabilities of $1,881, net assets of $2.7m. It reported 2 employees.