Partners for Progress

Analysis

Partners for Progress is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1999, 27 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 2023, Partners for Progress reported income of $4.4m and spending of $2.8m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partners for Progress sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within AK. Charities of a similar size with the same main cause include The Work Family Connection Inc ($4.4m), Center for Women & Enterprises Inc ($4.4m) and Dannon Project ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $95k (3.3% of expenses). Other salaries and wages came to $877k. At year end it held assets of $2.5m against liabilities of $206k, net assets of $2.3m. It reported 29 employees.