Partnership Foundation Inc
Partnership Foundation Inc faces significant and recurring operational deficits with highly volatile revenue streams.
EIN: 205162135 · Hattiesburg, MS · NTEE: S300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $767K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $2.1M |
| Transparency Score | 55/100 |
Is Partnership Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Partnership Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Partnership Foundation Inc
Partnership Foundation Inc (EIN: 205162135) is a nonprofit organization based in Hattiesburg, MS, classified under NTEE code S300. The organization reported total revenue of $4.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Partnership Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Partnership Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -26.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $767K |
| Surplus / Deficit | $-711,805 |
| Total Assets | $2.1M |
| Total Liabilities | $744 |
| Net Assets | $2.1M |
| Operating Margin | -1299.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 32.6 months |
Financial Health Grade: B
In 2023, Partnership Foundation Inc reported a deficit of $712K with expenses exceeding revenue, holds 32.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Partnership Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +0.5% | -24.9% |
| 2022 | -98.0% | +10.5% | -20.0% |
| 2021 | +106.5% | +31.1% | +115.4% |
| 2020 | +1916.2% | -6.3% | +77.0% |
| 2019 | +147.5% | +0.3% | -35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Partnership Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Partnership Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $712K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with millions in assets and annual expenses often exceeding $700,000. This could indicate pro bono leadership, compensation paid by a related entity, or a lack of transparency in reporting executive remuneration.
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 Partnership Foundation Inc's IRS 990 filings:
- High operational deficits: Expenses consistently exceed revenues in most recent years (e.g., 2023 revenue $54,796 vs. expenses $766,601).
- Extreme revenue volatility: Revenues fluctuate wildly year-over-year, indicating an unstable funding model.
- Unusual 0% officer compensation: Consistent reporting of no officer compensation for an organization with significant assets and expenses.
- Declining assets in recent years: Assets decreased from $3,468,355 in 2021 to $2,082,899 in 2023, potentially due to covering operational deficits.
Strengths
The following positive indicators were identified for Partnership Foundation Inc:
- Significant asset base: Despite recent declines, the organization still holds over $2 million in assets as of 2023, providing some financial cushion.
- Long operational history: 13 years of filing history indicates established presence and experience.
- Low liabilities: Liabilities are consistently very low, suggesting good debt management.
Frequently Asked Questions about Partnership Foundation Inc
Is Partnership Foundation Inc a legitimate charity?
Partnership Foundation Inc (EIN: 205162135) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Partnership Foundation Inc spend its money?
Partnership Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Partnership Foundation Inc tax-deductible?
Partnership Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205162135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Partnership Foundation Inc CEO make?
Partnership Foundation Inc's highest-compensated officer earns $700,000. annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Partnership Foundation Inc's spending goes to programs?
Partnership Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Partnership Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Partnership Foundation Inc is near average for NTEE category S300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Partnership Foundation Inc located?
Partnership Foundation Inc is headquartered in Hattiesburg, Mississippi and files with the IRS under EIN 205162135. It is classified under NTEE code S300.
How many years of IRS 990 filings does Partnership Foundation Inc have?
Partnership Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
How does Partnership Foundation Inc cover its substantial operational deficits, given that expenses frequently far exceed revenues (e.g., 2023 expenses of $766,601 vs. revenue of $54,796)?
The provided data does not explicitly state how these deficits are covered. It's possible they are drawing down on accumulated assets from prior years with higher revenues (e.g., 2015, 2020, 2021) or receiving significant non-cash contributions not fully reflected in the revenue figures.
Why is officer compensation consistently reported as 0% across all filings, and who is managing the organization's operations?
A consistent 0% officer compensation is atypical for an organization of this scale. This could mean that executive services are volunteered, compensated by a related entity, or that compensation is structured in a way that isn't reported as direct officer compensation on the 990, which warrants further investigation for full transparency.
What is the primary source of funding for Partnership Foundation Inc, given the extreme volatility in reported revenues?
The revenue figures show extreme fluctuations, from $2,662 in 2014 to $3,087,744 in 2015, and then back down to $54,796 in 2023. This volatility suggests a reliance on large, infrequent grants or specific project-based funding rather than a stable, diversified donor base.
Filing History
IRS 990 filing history for Partnership Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Partnership Foundation Inc's revenue has declined by 97.6%, moving from $2.3M to $55K. Total assets increased by 20.8% over the same period, from $1.7M to $2.1M. Total functional expenses fell by 1.1%, from $775K to $767K. In its most recent filing year (2023), Partnership Foundation Inc reported a deficit of $712K, with expenses exceeding revenue. The organization holds $744 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $55K | $767K | $2.1M | $744 | — | — |
| 2022 | $52K | $763K | $2.8M | $517 | — | View 990 |
| 2021 | $2.6M | $691K | $3.5M | $0 | — | View 990 |
| 2020 | $1.3M | $527K | $1.6M | $4K | — | View 990 |
| 2019 | $63K | $562K | $909K | $31 | — | View 990 |
| 2018 | $25K | $561K | $1.4M | $2 | — | View 990 |
| 2017 | $80K | $520K | $2.0M | $1K | — | View 990 |
| 2016 | $35K | $448K | $2.4M | $0 | — | View 990 |
| 2015 | $3.1M | $871K | $2.9M | $112K | — | View 990 |
| 2014 | $3K | $390K | $608K | $4K | — | View 990 |
| 2013 | $53K | $303K | $1.0M | $51K | — | View 990 |
| 2012 | $125K | $430K | $1.4M | $156K | — | View 990 |
| 2011 | $2.3M | $775K | $1.7M | $179K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $55K, expenses of $767K, and assets of $2.1M (revenue +5.8% year-over-year).
- 2022: Revenue of $52K, expenses of $763K, and assets of $2.8M (revenue -98.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $691K, and assets of $3.5M (revenue +106.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $527K, and assets of $1.6M (revenue +1916.2% year-over-year).
- 2019: Revenue of $63K, expenses of $562K, and assets of $909K (revenue +147.5% year-over-year).
- 2018: Revenue of $25K, expenses of $561K, and assets of $1.4M (revenue -68.3% year-over-year).
- 2017: Revenue of $80K, expenses of $520K, and assets of $2.0M (revenue +126.7% year-over-year).
- 2016: Revenue of $35K, expenses of $448K, and assets of $2.4M (revenue -98.9% year-over-year).
- 2015: Revenue of $3.1M, expenses of $871K, and assets of $2.9M (revenue +115893.4% year-over-year).
- 2014: Revenue of $3K, expenses of $390K, and assets of $608K (revenue -95.0% year-over-year).
- 2013: Revenue of $53K, expenses of $303K, and assets of $1.0M (revenue -57.6% year-over-year).
- 2012: Revenue of $125K, expenses of $430K, and assets of $1.4M (revenue -94.6% year-over-year).
- 2011: Revenue of $2.3M, expenses of $775K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Partnership Foundation Inc:
Data Sources and Methodology
This transparency report for Partnership Foundation 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.