Partnership for Economic Alliance for Community Empowerment

Analysis

Partnership for Economic Alliance for Community Empowerment is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in February 2019, 7 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, Partnership for Economic Alliance for Community Empowerment reported income of $123k and spending of $19k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $123k (+477%), an average of +478% a year. The sharpest change came in the year to December 2023, when income rose by 477%. Over the whole period it spent 20% 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 Alliance for Community Empowerment sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include US Pan Asian Amer CMBR of Commerce FDN Midwest Regional Chapter Inc ($123k), Mount Tabor Benevolent Association Inc ($124k) and M a S Y Ministries ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.