Passage Home Inc
Raleigh, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Below Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $4,628,188↓14% | $4,732,071↓9% | $10,649,821↓19% | — |
| 2022 | $5,411,567↑3% | $5,200,628↓7% | $13,185,958↓5% | — |
| 2021 | $5,275,274↑33% | $5,601,943↑37% | $13,846,729↓7% | — |
| 2020 | $3,961,743↑10% | $4,090,256↑4% | $14,935,790↑2% | — |
| 2019 | $3,605,447 | $3,944,590↑1% | $14,606,500↓3% | — |
| 2018 | $3,588,334↓3% | $3,903,113↑5% | $15,120,069↓3% | — |
| 2017 | $3,686,424↑5% | $3,705,388↓6% | $15,632,370↑39% | — |
| 2016 | $3,504,278↓26% | $3,937,889↑7% | $11,284,837↓4% | — |
| 2015 | $4,750,069↑63% | $3,684,941↑12% | $11,721,077↑5% | — |
| 2014 | $2,915,547↑15% | $3,302,780↑22% | $11,184,341↑3% | — |
| 2013 | $2,541,770↓22% | $2,696,706↓18% | $10,900,119↑19% | — |
| 2012 | $3,241,800↓10% | $3,275,165↑40% | $9,131,206 | — |
| 2011 | $3,586,028 | $2,333,903 | $9,124,399 | — |
Frequently Asked Questions
What does Passage Home Inc do?▼
Passage Home Inc is a housing & shelter nonprofit organization based in North Carolina. It is classified under NTEE code L99Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Passage Home Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Passage Home Inc has a score of 40/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Passage Home Inc generate?▼
Passage Home Inc reports $4.4M in annual revenue and holds $10.4M in total assets, based on IRS filings.
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