Passavant Memorial Homes Housing Initiative No 1 Inc

Analysis

Passavant Memorial Homes Housing Initiative No 1 Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2002, 24 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 Housing Initiative No 1 Inc reported income of $62k and spending of $88k, spending 141% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $62k to $62k (+0.1%), an average of +0.0% a year. Over the whole period it spent 100% 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 Housing Initiative No 1 Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Creative Housing Inc Xiii ($62k), Hagan-Trabue Apts Inc ($63k) and House of Hope Ministries ($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 $440k against liabilities of $3,756, net assets of $437k.