Partners for Rural Impact Inc

Analysis

Partners for Rural Impact Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, Partners for Rural Impact Inc reported income of $37.0m and spending of $27.3m, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $760k to $37.0m (+4774%), an average of +4774% a year. The sharpest change came in the year to June 2023, when income rose by 4774%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partners for Rural Impact Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Ronald Reagan Presidential Foundation and Institute ($37.0m), St Michaels University School Society ($37.0m) and Lourdes University ($37.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.0m (3.7% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $20.9m against liabilities of $10.3m, net assets of $10.6m. It reported 133 employees.