Passages America Israel Inc

Analysis

Passages America Israel Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 January 2024, Passages America Israel Inc reported income of $9.2m and spending of $16.1m, spending 174% of what it took in. Across the 6 years on record, from January 2019 to January 2024, income grew from $5.3m to $9.2m (+74%), an average of +12% a year. The sharpest change came in the year to January 2020, when income rose by 177%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passages America Israel Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Uw-Platteville Foundation Inc ($9.2m), University of Virginia Medical School Foundation ($9.2m) and Yellowstone Academy Inc ($9.2m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $817k (5.1% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $4.0m against liabilities of $6.6m, net assets of -$2.5m. It reported 64 employees.

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.