Les Passees Inc

Analysis

Les Passees Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1954, 72 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 December 2023, Les Passees Inc reported income of $432k and spending of $210k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $432k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Les Passees Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($432k), Oaknoll Foundation ($432k) and On the Go Foods LLC ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 7.2% of the total. Other salaries and wages came to $89k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 11 employees.