Partners Cooperative Inc
Partners Cooperative Inc consistently operates at break-even with zero reported officer compensation, demonstrating strong revenue growth and asset accumulation.
EIN: 161644265 · Atlanta, GA · NTEE: E192 · Updated: 2026-03-28
Is Partners Cooperative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Partners Cooperative Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Partners Cooperative Inc
Partners Cooperative Inc (EIN: 161644265) is a nonprofit organization based in Atlanta, GA, classified under NTEE code E192. The organization reported total revenue of $86.9M and total assets of $48.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Partners Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Partners Cooperative Inc is a major nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $60.6M |
| Total Expenses | $60.6M |
| Surplus / Deficit | +$0 |
| Total Assets | $33.9M |
| Total Liabilities | $33.1M |
| Net Assets | $744K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 97.8% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2022, Partners Cooperative Inc reported a surplus of $0 with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 97.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Partners Cooperative Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +18.6% | +18.6% | +5.9% |
| 2021 | +0.5% | +0.5% | -5.1% |
| 2020 | +16.9% | +16.9% | +6.8% |
| 2019 | +47.1% | +47.1% | +221.7% |
| 2018 | +4.2% | +4.2% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Partners Cooperative Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Partners Cooperative Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, which is highly unusual for an organization with revenues exceeding $60 million. This suggests either a fully volunteer-led executive team or a different compensation structure not captured under 'officer compensation' on the 990, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Partners Cooperative Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size is highly unusual and may warrant further investigation into executive remuneration practices.
- Consistent break-even operations (revenue equals expenses) could indicate a lack of reserves for unexpected events, though it also shows efficient use of funds.
Strengths
The following positive indicators were identified for Partners Cooperative Inc:
- Strong and consistent revenue growth, from $12.6M in 2013 to $60.5M in 2022, demonstrating increasing capacity and impact.
- Consistent 0% officer compensation reported, indicating a strong commitment to directing funds towards the mission.
- Efficient use of funds, as expenses consistently match revenue, suggesting all incoming funds are directly applied to operations and programs.
- Significant asset growth, from $2.5M in 2013 to $33.8M in 2022, indicating expanding operational capacity.
Frequently Asked Questions about Partners Cooperative Inc
Is Partners Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Partners Cooperative Inc (EIN: 161644265) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Partners Cooperative Inc spend its money?
Partners Cooperative Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Partners Cooperative Inc tax-deductible?
Partners Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 161644265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Partners Cooperative Inc manage to operate with 0% officer compensation given its substantial revenue?
The consistent reporting of 0% officer compensation across all filings suggests a unique operational model, potentially relying on volunteer leadership or a different classification of executive remuneration not captured in this specific 990 field. Further inquiry into their governance and compensation policies would be necessary to understand this structure.
What is the nature of Partners Cooperative Inc's programs, given its NTEE code E192 and consistent break-even operations?
The NTEE code E192 typically relates to 'Housing & Shelter' organizations. The consistent break-even operation, where expenses equal revenue, suggests that all funds are directly applied to program delivery and operational costs within this sector. This indicates a direct application of resources to its mission without significant accumulation of unrestricted funds.
Is the organization's rapid asset growth sustainable and indicative of healthy financial management?
The organization has shown significant asset growth, from $2.5 million in 2013 to $33.8 million in 2022. This growth, alongside increasing liabilities, suggests expansion in its operational capacity, likely through property or other capital investments. The consistent matching of expenses to revenue indicates that this growth is managed within its operational income.
Filing History
IRS 990 filing history for Partners Cooperative Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Partners Cooperative Inc's revenue has grown by 605.2%, moving from $8.6M to $60.6M. Total assets increased by 1541.3% over the same period, from $2.1M to $33.9M. Total functional expenses rose by 605.2%, from $8.6M to $60.6M. In its most recent filing year (2022), Partners Cooperative Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $33.1M in liabilities against $33.9M in assets (debt-to-asset ratio: 97.8%), resulting in net assets of $744K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $60.6M | $60.6M | $33.9M | $33.1M | — | — |
| 2021 | $51.1M | $51.1M | $32.0M | $31.3M | — | — |
| 2020 | $50.8M | $50.8M | $33.7M | $33.1M | — | View 990 |
| 2019 | $43.5M | $43.5M | $31.6M | $30.9M | — | View 990 |
| 2018 | $29.6M | $29.6M | $9.8M | $9.3M | — | View 990 |
| 2017 | $28.4M | $28.4M | $9.1M | $8.6M | — | View 990 |
| 2016 | $22.8M | $22.8M | $7.4M | $7.0M | — | View 990 |
| 2015 | $20.7M | $20.7M | $6.7M | $6.2M | — | View 990 |
| 2014 | $14.9M | $14.9M | $3.5M | $3.1M | — | View 990 |
| 2013 | $12.6M | $12.6M | $2.5M | $2.2M | — | View 990 |
| 2012 | $10.0M | $10.0M | $2.2M | $1.9M | — | View 990 |
| 2011 | $8.6M | $8.6M | $2.1M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $60.6M, expenses of $60.6M, and assets of $33.9M (revenue +18.6% year-over-year).
- 2021: Revenue of $51.1M, expenses of $51.1M, and assets of $32.0M (revenue +0.5% year-over-year).
- 2020: Revenue of $50.8M, expenses of $50.8M, and assets of $33.7M (revenue +16.9% year-over-year).
- 2019: Revenue of $43.5M, expenses of $43.5M, and assets of $31.6M (revenue +47.1% year-over-year).
- 2018: Revenue of $29.6M, expenses of $29.6M, and assets of $9.8M (revenue +4.2% year-over-year).
- 2017: Revenue of $28.4M, expenses of $28.4M, and assets of $9.1M (revenue +24.4% year-over-year).
- 2016: Revenue of $22.8M, expenses of $22.8M, and assets of $7.4M (revenue +10.2% year-over-year).
- 2015: Revenue of $20.7M, expenses of $20.7M, and assets of $6.7M (revenue +39.3% year-over-year).
- 2014: Revenue of $14.9M, expenses of $14.9M, and assets of $3.5M (revenue +17.9% year-over-year).
- 2013: Revenue of $12.6M, expenses of $12.6M, and assets of $2.5M (revenue +26.2% year-over-year).
- 2012: Revenue of $10.0M, expenses of $10.0M, and assets of $2.2M (revenue +16.3% year-over-year).
- 2011: Revenue of $8.6M, expenses of $8.6M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Partners Cooperative Inc:
Data Sources and Methodology
This transparency report for Partners Cooperative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.