Partnership for the Future Inc

Analysis

Partnership for the Future Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Partnership for the Future Inc reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Partnership for the Future Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Combined Health Agencies Drive Inc ($1.6m), Head of the Lakes United Way ($1.6m) and Twin City Ambulance Service Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $731k. At year end it held assets of $1.5m against liabilities of $39k, net assets of $1.4m. It reported 162 employees.