Partners in Skills a NJ Nonprofit Corporation

Analysis

Partners in Skills a NJ Nonprofit Corporation is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover employment, 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, Partners in Skills a NJ Nonprofit Corporation reported income of $1.1m and spending of $1.1m, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $521k to $1.1m (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partners in Skills a NJ Nonprofit Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Spencer Community Economic Development Inc ($1.1m), Druid Heights Community Development Corporation Inc ($1.1m) and Alliance for Coney Island Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $31k against liabilities of $209k, net assets of -$178k.