Passavant Memorial Homes

Analysis

Passavant Memorial Homes is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Passavant Memorial Homes reported income of $84.9m and spending of $82.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $87.0m to $84.9m (-2.4%), an average of -0.6% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passavant Memorial Homes sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Nysarc Inc Arc Jefferson-St Lawrence ($84.7m), Gateway Region Young Mens Christian Association ($85.1m) and Yedei Chesed Inc ($84.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $48.1m. At year end it held assets of $50.0m against liabilities of $8.9m, net assets of $41.1m. It reported 1,530 employees.