Rites of Passage

Analysis

Rites of Passage is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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 December 2023, Rites of Passage reported income of $100k and spending of $99k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $100k (+0.3%), an average of +0.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rites of Passage sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within OR. Charities of a similar size with the same main cause include Won Buddhism San Francisco Temple ($100k), Volunteer Services Council of the Richmond State Supported Living CE ($100k) and Calaveras Youth Soccer League ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.