Passavant Memorial Homes I Inc

Analysis

Passavant Memorial Homes I Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Passavant Memorial Homes I Inc reported income of $62k and spending of $70k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $62k to $62k (-0.5%), an average of -0.1% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passavant Memorial Homes I Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include God Works Family Soup Kitchen ($62k), Abad Ministries ($62k) and Hilco Electric TR ($62k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1,358. At year end it held assets of $623k against liabilities of $13k, net assets of $610k.