Partnership for Economic Development Inc

Analysis

Partnership for Economic Development Inc is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2024, Partnership for Economic Development Inc reported income of $7.2m and spending of $8.0m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $7.2m (+258%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 1140%. Over the whole period it spent 95% 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 Economic Development 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 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Main Street Beatrice Inc ($7.2m), Ownership Works Inc ($7.2m) and Montgomery County Economic Development Corporation ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $142k (1.8% of expenses). Other salaries and wages came to $136k. At year end it held assets of $3.8m against liabilities of $19k, net assets of $3.8m. It reported 3 employees.