Partnership Resources Inc

Analysis

Partnership Resources Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1961, 65 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Partnership Resources Inc reported income of $5.4m and spending of $5.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $5.4m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partnership Resources Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Spanish Education Development Center ($5.4m), Fearless Hudson Valley Inc ($5.4m) and San Francisco Chamber of Commerce Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $134k (2.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.0m against liabilities of $718k, net assets of $2.2m. It reported 150 employees.