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Partners for the Common Good

Washington, DC · EIN 36-4369806 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Partners for the Common Good reported $11.6 million in revenue and $5.6 million in expenses for calendar year 2024. Of every $100 it spent, $75.14 went to program services, $20.57 to management and general costs and $4.29 to fundraising. Its largest source of revenue was contributions and grants: 54.0% of the total. The highest compensation it reported for one person was $300,330 (CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 139% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.6M

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 479 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
75.1%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
20.6%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
4.3%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.04$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
54.0%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%14.9%
Program service revenue share
Part VIII 2g ÷ 12
45.0%11.9%
Highest reported compensation
Part VII-A, columns D–F
$300,330$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.40%1.49%
People paid over $100,000
Part VII, line 2
85
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
67.19.2
Independent voting board members
Part VI 1a–1b
9 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$3.9M expenses · 93.5% of program spending · revenue $3.4M

Partners for the Common Good provides an effective and fiscally prudent mechanism through which institutional investors can support community development nationwide and abroad. We move our economy forward by providing community development loans and encouraging community engagement

$6,473 expenses · 0.2% of program spending

Capnexus - an online tool for cdfis, investors, and others in the community development finance field to connect mission focused capital with community development projects. It strengthens the capacity of institutions and the industry to serve communities that need it most

$266K expenses · 6.4% of program spending · revenue $1.9M

New markets tax credits - partners for the Common Good participates in the new markets credit program, as an extension of lending done through our general loan fund. The nmtc allows pcg to significantly increase the flow of capital to low income communities by providing a tax incentive to private investors

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$262,022$0$38,308$300,330
CHIEF CREDIT OFFICER
Key employee, 40.00 hrs/week
$188,165$0$52,086$240,251
CHIEF LENDING OFFICER
Key employee, 40.00 hrs/week
$178,292$0$53,301$231,593
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$168,895$0$37,494$206,389
CHIEF INVESTMENT & IMPACT(UNTIL 11/2024)
Key employee, 40.00 hrs/week
$170,884$0$14,033$184,917
DIRECTOR OF PORTFOLIO MANA
Highest compensated employee, 40.00 hrs/week
$153,933$0$29,787$183,720
CONTROLLER AND DIRECTOR
Highest compensated employee, 40.00 hrs/week
$118,767$0$34,775$153,542
DIRECTOR OF MARKETING
Highest compensated employee, 40.00 hrs/week
$101,978$0$36,631$138,609

8 people received more than $100,000 in reportable compensation from Partners for the Common Good (Part VII, line 2). Compensation of current officers, directors and key employees totaled $507K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$12M$5.6M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$12M$5.6M75.1%$31M$300,330
2023 ⓘ$8.3M$4.4M71.8%$25M$277,483
2022 ⓘ$4.3M$3.6M61.1%$20M$243,798
2021 ⓘ$7.1M$3.3M70.6%$20M$273,745
2020 ⓘ$4.3M$2.8M77.9%$16M$211,494
2019 ⓘ$4.9M$2.6M69.6%$14M$212,562

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 521
  • Volunteers Part I, line 69

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
SILLY MONKEY STUDIOS LLC DBA KANOPI STUD
Website development
$108,128

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Partners for the Common Good totaling $51 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Partners for the Common Good's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Partners for the Common Good, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All community improvement & capacity building charities · Largest charities in District of Columbia

Questions people ask

How much of Partners for the Common Good's spending goes to programs?

In calendar year 2024, Partners for the Common Good reported that 75.1% of its $5.6 million in expenses went to program services, 20.6% to management and general and 4.3% to fundraising (Form 990, Part IX).

How much does Partners for the Common Good pay its top executive?

The largest total compensation Partners for the Common Good reported for one person in calendar year 2024 was $300,330, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Partners for the Common Good get its money?

Of $11.6 million in revenue in calendar year 2024, 54.0% came from contributions and grants and 45.0% from program service revenue (Form 990, Part VIII).

Is Partners for the Common Good a registered charity?

The IRS lists EIN 36-4369806 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533219349316998 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413199349301411 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202312419349300426 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202202589349301995 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123169349305537 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202002179349300705 · read the filing

All filings for EIN 36-4369806: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.