Innovative Partnerships N F P

Analysis

Innovative Partnerships N F P is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Innovative Partnerships N F P reported income of $297k and spending of $261k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $584k to $297k (-49%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innovative Partnerships N F P sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include STW Charities Inc ($297k), Cambridge House Enrichment Center ($297k) and The Way 2 Serve Inc ($297k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,362 (2.1% of expenses). Other salaries and wages came to $161k. At year end it held assets of $124k against liabilities of $0, net assets of $124k.