Partners Resource Network

Analysis

Partners Resource Network is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Partners Resource Network reported income of $2.2m and spending of $2.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners Resource Network sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Independence Associates Inc ($2.2m), Lamar County Human Resources Council Inc ($2.2m) and Lower Cape Outreach Council Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $934k against liabilities of $197k, net assets of $736k. It reported 47 employees.