PASSAGE HOME INC

Raleigh, NC, US
501(c)(3)
EIN
56-1765360
Logo for "PASSAGE HOME INC"
Raleigh, NC, US
501(c)(3)
EIN
56-1765360

Overview

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Est.

1991

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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Passage Home Inc is a nonprofit organization focused on breaking the cycle of poverty through housing services, development, and shelter and residential care. With an operating budget of $3.4 million and total revenue of $4.4 million for the filing year 2024, the organization aims to promote multi-generational self-sufficiency. Passage Home Inc does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.passagehome.org.

Mission Statement

TO BREAK THE CYCLE OF POVERTY AND CREATE MULTI-GENERATIONAL SELF-SUFFICIENCY.
Revenues

$4.4M

Expenses

$4.9M

Net Income:
-$523.9K
Assets

$10.4M

Liabilities

$9.4M

Net Assets:
+$944.4K
Operating Budget

$3.4M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

5

Median grant size
$15K
Largest grant received
$89.5K
E
Emma Paul
Board Member
S
Simon Akhamie
Board Member
R
Russell Allen
Board Member

Frequently Asked Questions

What is PASSAGE HOME INC’s budget?
In 2024, PASSAGE HOME INC reported an annual operating budget of around $3.4 million. More detailed financial information is available to registered users.
What causes does PASSAGE HOME INC support?
PASSAGE HOME INC supports work in Housing development, Shelter and residential care, and Housing services.
Where does PASSAGE HOME INC operate?
PASSAGE HOME INC is headquartered in Raleigh, NC.
Who funded PASSAGE HOME INC recently?
In 2024, PASSAGE HOME INC received grants from UNITED WAY OF THE GREATER TRIANGLE INC, WAKE COUNTY SMART START INC, and CHARITIES AID FOUNDATION AMERICA. More information on this organization’s funders is available to registered users.
What is the largest grant PASSAGE HOME INC received in 2024?
The largest grant to PASSAGE HOME INC in 2024 exceeds $90 thousand.
What is PASSAGE HOME INC’s reliance on government grants?
PASSAGE HOME INC relied on government grants for more than 70% of their total revenue in 2024.
Overview
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