M I Part-Nors Financial Services

Analysis

M I Part-Nors Financial Services is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, M I Part-Nors Financial Services reported income of $52k and spending of $162k, spending 308% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, M I Part-Nors Financial Services sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Norfolk Community Association Inc ($52k), Sahara Club ($52k) and Dover Main Street Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $393k against liabilities of $0, net assets of $393k.