Partners in Parnosoh Inc

Analysis

Partners in Parnosoh Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover employment, 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, Partners in Parnosoh Inc reported income of $310k and spending of $423k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $500k to $310k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partners in Parnosoh Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Timber Lake & Area Development Inc ($310k), Sporting Clays for Charity Inc ($310k) and Board of Hispanic Caucus Chairs ($310k).

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 $192k. At year end it held assets of $54k against liabilities of $2,280, net assets of $52k. It reported 6 employees.