Passageway Residence of Dade County

Analysis

Passageway Residence of Dade County is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 June 2023, Passageway Residence of Dade County reported income of $4.9m and spending of $4.5m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.0m to $4.9m (+22%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Passageway Residence of Dade County sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Pine Point School Inc ($4.9m), Advocates for Bartows Children Inc ($4.9m) and Good Hope Country Day School Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $8.0m against liabilities of $1.5m, net assets of $6.4m. It reported 88 employees.