Passport School Inc

Analysis

Passport School Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Passport School Inc reported income of $2.0m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passport School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Plumbers & Pipefitters Local 23 Training Fund ($2.0m), Oconee Christian Academy ($2.0m) and Citizens for Educational Excellence Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $118k (6.4% of expenses). At year end it held assets of $3.4m against liabilities of $937k, net assets of $2.5m.