Passageways Ltd

Analysis

Passageways Ltd is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Passageways Ltd reported income of $737k and spending of $720k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $737k (+234%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Passageways Ltd 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 76th percentile, and in the 76th percentile within KS. Charities of a similar size with the same main cause include Salvation Army Wahiawa Residences Inc ($737k), Elder Care Two Inc ($737k) and Finger Lakes Community Development Corporation ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $133k (18% of expenses). Other salaries and wages came to $49k. At year end it held assets of $334k against liabilities of $28k, net assets of $305k. It reported 3 employees.