Partnership for Progress Inc

Analysis

Partnership for Progress Inc is a registered charity in United States, based in Atlantic, IA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Partnership for Progress Inc reported income of $1.7m and spending of $1.6m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $1.7m (+7.6%), an average of +2.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partnership for Progress Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Chilton Memorial Hospital Foundation Inc ($1.7m), Friends Child Care Center ($1.7m) and All Gods Children Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $99k (6.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $369k against liabilities of $236k, net assets of $133k. It reported 40 employees.