Partners in Promise

Analysis

Partners in Promise is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Partners in Promise reported income of $111k and spending of $54k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $111k (+47%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partners in Promise sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Bulletin of Concerned Asian Scholars Inc ($111k), Little League Baseball Inc ($111k) and Cottonwood Community Park ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 77% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.