Community Business Partnership Inc

Analysis

Community Business Partnership Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in February 1997, 29 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, Community Business Partnership Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.2m (-26%), an average of -9.5% a year. The sharpest change came in the year to June 2021, when income rose by 3342%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Business Partnership Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Theatre Arlington Inc ($1.2m), American Huey 369 Inc ($1.2m) and Drama Club Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $4.5m against liabilities of $1.6m, net assets of $2.8m.