Passavant Hospital Foundation

Analysis

Passavant Hospital Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Passavant Hospital Foundation reported income of $3.7m and spending of $1.5m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.7m (+181%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Passavant Hospital Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Lifebox Foundation Inc ($3.7m), Crawford Heritage Community Foundation ($3.7m) and Lyngblomsten Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $148k (9.8% of expenses). Other salaries and wages came to $105k. At year end it held assets of $51.9m against liabilities of $872k, net assets of $51.0m.