Partnership for Economic Policy Inc

Analysis

Partnership for Economic Policy Inc is a registered charity in United States, based in Kenya. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Policy Inc reported income of $3.2m and spending of $3.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $3.2m (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partnership for Economic Policy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile. Charities of a similar size with the same main cause include Big Brothers and Big Sisters of Metropolitan Milwaukee Inc ($3.2m), Pui Tak Center ($3.2m) and Nami Minnesota ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $430k (13% of expenses). Other salaries and wages came to $508k. At year end it held assets of $5.0m against liabilities of $4.8m, net assets of $272k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.