Partners for Better Futures

Analysis

Partners for Better Futures is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2024, Partners for Better Futures reported income of $281k and spending of $548k, spending 195% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $659k to $281k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Partners for Better Futures sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Community Kindness Inc ($281k), Rockland Foundation ($281k) and SMS Research Foundation ($281k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $22k. At year end it held assets of $433k against liabilities of $0, net assets of $433k.