Streetwise Partners Incorporated

Analysis

Streetwise Partners Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover employment, 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 2023, Streetwise Partners Incorporated reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.4m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Streetwise Partners Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include New Ventures Inc ($3.4m), Sicangu Community Development Corporation ($3.4m) and Challenge Industries Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $224k (10% of expenses). Other salaries and wages came to $998k. At year end it held assets of $2.5m against liabilities of $84k, net assets of $2.4m. It reported 23 employees.