Rite of Passage Adolescent Treatment Centers and Schools Inc

Analysis

Rite of Passage Adolescent Treatment Centers and Schools Inc is a registered charity in United States, based in Minden, NV. It received its IRS tax-exemption ruling in May 1985, 41 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, Rite of Passage Adolescent Treatment Centers and Schools Inc reported income of $32.5m and spending of $32.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.8m to $32.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rite of Passage Adolescent Treatment Centers and Schools Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include Servicios de Salud Primarios de ($32.4m), Urban Justice Center ($32.5m) and Hartford Dispensary ($32.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Other salaries and wages came to $14.8m. At year end it held assets of $17.6m against liabilities of $4.8m, net assets of $12.8m. It reported 586 employees.