Pass It On Inc
EIN: 384027847 · Baltimore, MD · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $610K |
| Total Expenses | $476K |
| Net Assets | $-20,272 |
Is Pass It On Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pass It On Inc
Pass It On Inc (EIN: 384027847) is a nonprofit organization based in Baltimore, MD, classified under NTEE code O50. The organization reported total revenue of $610K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pass It On Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pass It On Inc is a small nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 83.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $476K |
| Surplus / Deficit | $-73,076 |
| Total Assets | $54K |
| Total Liabilities | $74K |
| Net Assets | $-20,272 |
| Operating Margin | -18.2% |
| Debt-to-Asset Ratio | 137.8% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Pass It On Inc reported a deficit of $73K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 137.8% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Pass It On Inc's revenue has grown at a compound annual growth rate (CAGR) of 83.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.9% | +123.4% | +1.5% |
| 2022 | +173.1% | +82.5% | +504.6% |
| 2021 | +58.7% | +76.9% | -45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pass It On Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pass It On Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 137.8%.
Frequently Asked Questions about Pass It On Inc
Is Pass It On Inc a legitimate charity?
Pass It On Inc (EIN: 384027847) is a registered tax-exempt nonprofit based in Maryland. It has 4 years of IRS 990 filings on record. Total revenue: $610K. No red flags identified. Financial health grade: D.
How does Pass It On Inc spend its money?
Pass It On Inc reported $610K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pass It On Inc tax-deductible?
Pass It On Inc is registered as a tax-exempt nonprofit (EIN: 384027847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pass It On Inc located?
Pass It On Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 384027847. It is classified under NTEE code O50.
How many years of IRS 990 filings does Pass It On Inc have?
Pass It On Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $610K in total revenue.
Filing History
IRS 990 filing history for Pass It On Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Pass It On Inc's revenue has grown by 519.5%, moving from $65K to $403K. Total assets increased by 231.8% over the same period, from $16K to $54K. Total functional expenses rose by 621.1%, from $66K to $476K. In its most recent filing year (2023), Pass It On Inc reported a deficit of $73K, with expenses exceeding revenue. The organization holds $74K in liabilities against $54K in assets (debt-to-asset ratio: 137.8%), resulting in net assets of $-20,272.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $476K | $54K | $74K | — | — |
| 2022 | $282K | $213K | $53K | $53K | — | View 990 |
| 2021 | $103K | $117K | $9K | $1K | — | — |
| 2020 | $65K | $66K | $16K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $476K, and assets of $54K (revenue +42.9% year-over-year).
- 2022: Revenue of $282K, expenses of $213K, and assets of $53K (revenue +173.1% year-over-year).
- 2021: Revenue of $103K, expenses of $117K, and assets of $9K (revenue +58.7% year-over-year).
- 2020: Revenue of $65K, expenses of $66K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pass It On Inc:
Data Sources and Methodology
This transparency report for Pass It On Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.