Passage to Real Life

Analysis

Passage to Real Life is a registered charity in United States, based in Suisun City, CA. It received its IRS tax-exemption ruling in May 2023, 3 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, Passage to Real Life reported income of $250k and spending of $389k, spending 156% of what it took in. Across the 4 years on record, from December 2018 to June 2023, income grew from $7,000 to $250k (+3470%), an average of +229% a year. The sharpest change came in the year to June 2023, when income rose by 1097%. Over the whole period it spent 149% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passage to Real Life sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Savannah S Canopy Inc ($250k), Birth to Five Inc ($250k) and Second Chance Cars ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (8.6% of expenses). Other salaries and wages came to $154k. At year end it held assets of $77k against liabilities of $29k, net assets of $48k.