Pass It on Inc

Analysis

Pass It on Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Pass It on Inc reported income of $403k and spending of $476k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $282k to $403k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pass It on Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include West Linn Baseball Association ($402k), Boys & Girls Clubs of Carbon County ($403k) and Providence Heights Fka the Purpose ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $19k (4.0% of expenses). At year end it held assets of $54k against liabilities of $74k, net assets of -$20k.