Partnership Inc

Analysis

Partnership Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Partnership Inc reported income of $13.5m and spending of $10.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $13.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 233%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Housing Plus Solutions Inc ($13.4m), Pittsfield Management Systems Inc ($13.5m) and Contra Costa Interfaith Transitional Housing Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.1m (11% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $48.2m against liabilities of $725k, net assets of $47.5m.