Partnership Development Foundation Inc

Analysis

Partnership Development Foundation Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in May 2006, 20 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 Development Foundation Inc reported income of $270k and spending of $152k, leaving 44% of income unspent that year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership Development Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Microenterprise Resources Initiatives & Training ($270k), Senior Center ($270k) and Kodiak Economic Development Corporation ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $763k, net assets of $957k.