Partners for the Common Good Inc

Analysis

Partners for the Common Good Inc is a registered charity in United States, based in Washington, DC. 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, Partners for the Common Good Inc reported income of $8.3m and spending of $4.4m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $8.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partners for the Common Good Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Northwest Community Alliance Inc ($8.3m), Ideo Org ($8.4m) and New Leaf Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $651k (15% of expenses). At year end it held assets of $66.5m against liabilities of $41.7m, net assets of $24.8m. It reported 23 employees.