Partnership on Ai to Benefit People and Society

Analysis

Partnership on Ai to Benefit People and Society is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 on Ai to Benefit People and Society reported income of $6.5m and spending of $8.0m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.5m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Partnership on Ai to Benefit People and Society sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Pacific Battleship Center ($6.5m), Performing Arts Houston ($6.5m) and Rivers of Steel Heritage Corporation ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $432k (5.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $8.3m against liabilities of $1.7m, net assets of $6.6m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.