Partnership for Ed Advancement Inc

Analysis

Partnership for Ed Advancement Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, Partnership for Ed Advancement Inc reported income of $11.5m and spending of $20.2m, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $11.5m (+1210%), an average of +90% a year. The sharpest change came in the year to December 2020, when income rose by 1643%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership for Ed Advancement Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Elite Academic Academy - Lucerne ($11.5m), Gateway School of New York ($11.5m) and Philadelphia Youth for Change ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $769k (3.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $32.3m against liabilities of $2.4m, net assets of $29.8m. It reported 38 employees.