Passel Provides Foundation

Analysis

Passel Provides Foundation is a registered charity in United States, based in Emmetsburg, IA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Passel Provides Foundation reported income of $703k and spending of $562k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $703k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passel Provides Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include The Village Diaper Bank Inc ($703k), Christian Love Commmunitydevelopment Corporation Inc ($703k) and Furnishing Hope Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $634k against liabilities of $0, net assets of $634k.