Passaic Chill Inc

Analysis

Passaic Chill Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Passaic Chill Inc reported income of $54k and spending of $95k, spending 177% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $285k to $54k (-81%), an average of -81% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Passaic Chill Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Rachels Children Reclamation Foundation Inc ($54k), Milton Lions Foundation Inc ($54k) and Richard M Brodsky Foundation Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.