Partnership for Resource Development Inc

Analysis

Partnership for Resource Development Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Partnership for Resource Development Inc reported income of $553k and spending of $512k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $259k to $553k (+114%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Partnership for Resource Development Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Abigayle Ministries ($553k), Zimzam Global ($553k) and Kumbum Chamtse-Ling Inc ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $296k. At year end it held assets of $210k against liabilities of $5,194, net assets of $205k. It reported 3 employees.