Piedmont Triad Partnership

Analysis

Piedmont Triad Partnership is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 2004, 22 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, Piedmont Triad Partnership reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Piedmont Triad Partnership sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Goodwill Industries of Dallas Foundation Inc ($1.7m), The Reverence Project ($1.7m) and Compasspoint Nonprofit Services ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.2m against liabilities of $142k, net assets of $1.1m. It reported 1 employees.