Passavant Memorial Homes IX

Analysis

Passavant Memorial Homes IX is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2008, 18 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 IX reported income of $55k and spending of $90k, spending 163% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $55k to $55k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 158% 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 IX sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include 2000 Open Doors ($55k), 2life Opus Inc ($55k) and Allies Homes 2009 Inc ($55k).

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 $713k against liabilities of $82k, net assets of $630k.