Education Partnership of the Permian Basin

Analysis

Education Partnership of the Permian Basin is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Education Partnership of the Permian Basin reported income of $2.1m and spending of $947k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $432k to $2.1m (+397%), an average of +123% a year. The sharpest change came in the year to December 2022, when income rose by 299%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Partnership of the Permian Basin sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Jobs for Americas Graduates Missouri Inc ($2.1m), Community College of Aurora Foundation ($2.1m) and Innovations Educational Services Inc ($2.1m).

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 $426k. At year end it held assets of $2.5m against liabilities of $40k, net assets of $2.5m. It reported 5 employees.