Partnership for Economic Innovation

Analysis

Partnership for Economic Innovation is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in November 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 2022, Partnership for Economic Innovation reported income of $17.9m and spending of $17.5m, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.7m to $17.9m (+564%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 338%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership for Economic Innovation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Wright Brothers Institute Inc ($17.9m), Philadelphia City Fund Inc ($18.0m) and Community Integrated Services ($17.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $401k (2.3% of expenses). Other salaries and wages came to $354k. At year end it held assets of $4.8m against liabilities of $3.0m, net assets of $1.8m. It reported 11 employees.