Passavant Memorial Homes VII

Analysis

Passavant Memorial Homes VII is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 VII reported income of $76k and spending of $75k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $71k to $76k (+7.5%), an average of +1.8% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Passavant Memorial Homes VII sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Milligan Housing for the Elderly and Handicapped of Bristol Inc ($76k), Terrace Homes Inc ($76k) and LSS Housing Hampton Inc ($76k).

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 $646k against liabilities of $5,880, net assets of $641k.