Passive House Institute US Inc

Analysis

Passive House Institute US Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Passive House Institute US Inc reported income of $3.1m and spending of $3.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.1m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Passive House Institute US Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Owamniyomni Okhodayapi ($3.0m), Sierra Buttes Trail Stewardship ($3.1m) and Association to Preserve Cape Cod Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $400k (13% of expenses). Other salaries and wages came to $912k. At year end it held assets of $1.9m against liabilities of $2.3m, net assets of -$423k. It reported 24 employees.