Partners in Prime

Analysis

Partners in Prime is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in March 1956, 70 years ago. 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 Prime reported income of $2.7m and spending of $2.0m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partners in Prime sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Les Turner Amyotrophic Lateral Sclerosis Foundation ($2.7m), Aurora Public Schools Foundation ($2.7m) and College Town ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $967k. At year end it held assets of $2.6m against liabilities of $68k, net assets of $2.5m. It reported 48 employees.