Passavant Memorial Homes X

Analysis

Passavant Memorial Homes X is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2014, 12 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 X reported income of $53k and spending of $86k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $56k to $53k (-5.7%), an average of -1.4% a year. Over the whole period it spent 142% 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 X 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 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Rosaria Communities in Gaithersburg Inc ($53k), Council of Elders Housing Corporation II ($53k) and Isenstadt Legacy House Inc ($53k).

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 $790k against liabilities of $25k, net assets of $765k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.