Partnership Inc

Analysis

Partnership Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Inc reported income of $236k and spending of $119k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $938k to $236k (-75%), an average of -29% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Partnership Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within AK. Charities of a similar size with the same main cause include Indigenousways ($236k), Firelands Historical Society ($237k) and Amil Tellers of Dramatics Inc ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $48k (41% of expenses). Other salaries and wages came to $27k. At year end it held assets of $4.0m against liabilities of $2,455, net assets of $4.0m. It reported 3 employees.