Near West Side Partners Inc

Analysis

Near West Side Partners Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, Near West Side Partners Inc reported income of $1.2m and spending of $2.0m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.2m (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 194%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Near West Side Partners Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Fordham Road District Management Association Inc ($1.2m), Civic Canopy ($1.2m) and Community Action Agencies ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $135k (6.6% of expenses). Other salaries and wages came to $272k. At year end it held assets of $7.0m against liabilities of $575k, net assets of $6.4m. It reported 9 employees.