Partnership for Research and Educat Ion

Analysis

Partnership for Research and Educat Ion is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 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 for Research and Educat Ion reported income of $238k and spending of $224k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $569k to $238k (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 76%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership for Research and Educat Ion sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Bellevue Breakfast Rotary Club Foundation ($238k), Capital City Chamber of Commerce Inc ($238k) and East to West Development Corporation ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Other salaries and wages came to $79k. At year end it held assets of $174k against liabilities of $37k, net assets of $136k.