Long Beach Nonprofit Partnership

Analysis

Long Beach Nonprofit Partnership is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Long Beach Nonprofit Partnership reported income of $3.9m and spending of $3.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.9m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Long Beach Nonprofit Partnership sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Phinney Neighborhood Association ($3.9m), Center for Vocational Rehabilitation Inc ($3.9m) and Financial Services Stakeholder Project ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $116k (3.1% of expenses). Other salaries and wages came to $588k. At year end it held assets of $1.4m against liabilities of $661k, net assets of $712k. It reported 11 employees.