Partners for Potential Inc

Analysis

Partners for Potential Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Potential Inc reported income of $3.5m and spending of $3.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.5m (-0.3%), an average of -0.1% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners for Potential Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Break the Barriers Inc ($3.5m), Jewish Family & Childrens Service of Mommouth County ($3.5m) and Arc of Wabash County Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $121k (3.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.3m against liabilities of $755k, net assets of $2.5m. It reported 77 employees.