Iquilt Partnership Inc

Analysis

Iquilt Partnership Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2011, 15 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 (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, Iquilt Partnership Inc reported income of $834k and spending of $697k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $834k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2023, when income rose by 141%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iquilt Partnership Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Faith in Action East Bay ($833k), Russell Development Inc ($835k) and Maine Association of Nonprofits ($833k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). Other salaries and wages came to $14k. At year end it held assets of $569k against liabilities of $59k, net assets of $510k. It reported 5 employees.