Passumpsic View Inc

Analysis

Passumpsic View Inc is a registered charity in United States, based in St Johnsbury, VT. It received its IRS tax-exemption ruling in September 2002, 24 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, Passumpsic View Inc reported income of $254k and spending of $355k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $254k (+0.0%), an average of +0.0% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Passumpsic View Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include HFL Ashtabula Homes ($254k), Portland Supportive Housing Inc ($254k) and Wilmington Housing Partnership Corp ($254k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.8m against liabilities of $575k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.