Passavant Memorial Homes Housing Initiative No 2 Inc

Analysis

Passavant Memorial Homes Housing Initiative No 2 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 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 Housing Initiative No 2 Inc reported income of $63k and spending of $101k, spending 162% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $62k to $63k (+0.3%), an average of +0.1% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passavant Memorial Homes Housing Initiative No 2 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 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include The Arc of Northwest Indiana Inc ($63k), Love on 4 Paws Inc ($63k) and Highway Ministries ($63k).

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 $448k against liabilities of $9,512, net assets of $439k.