Passager

Analysis

Passager is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Passager reported income of $95k and spending of $81k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $95k (+36%), an average of +36% a year. The sharpest change came in the year to June 2024, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Passager sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include The Hummelstown Area Historical Society Inc ($95k), Friends of Island Beach State Park Inc ($95k) and St Louis Poetry Center ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 19% of the total. At year end it held assets of $134k against liabilities of $467, net assets of $134k.