Passenger Vessel Foundation Inc

Analysis

Passenger Vessel Foundation Inc is a registered charity in United States, based in Stoddard, WI. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Passenger Vessel Foundation Inc reported income of $69k and spending of $14k, leaving 79% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $184k to $69k (-63%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Passenger Vessel Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WI. Charities of a similar size with the same main cause include Friends of the McGaffin Carillon in University Circle Inc ($69k), Alabama Initiative for Independent Journalism Inc ($69k) and Marshall Historical Society Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $890k against liabilities of $0, net assets of $890k.