Partnership West Inc Business Improvement District

Analysis

Partnership West Inc Business Improvement District is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 2018, 8 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 (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 West Inc Business Improvement District reported income of $656k and spending of $658k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $656k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership West Inc Business Improvement District sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Indiana Plan for Equal Employment Inc ($655k), Nebraska City Veterans Memorial Building Project ($656k) and Southwest Central Idaho Sheet Metal ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $94k (14% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.0m against liabilities of $23k, net assets of $985k. It reported 1 employees.