Paseo Inc

Analysis

Paseo Inc is a registered charity in United States, based in Hope, ID. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Paseo Inc reported income of $217k and spending of $144k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $217k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paseo Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within ID. Charities of a similar size with the same main cause include Wired Ministries Inc ($217k), Global Compassion Ministries ($217k) and Youth Evangelism Strategies Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.