Passing-it-on Foundation Inc
Only null% goes to programs Thin reserves
Passing-it-on Foundation Inc is a 501(c)(3) organization based in Prospect, Kentucky, registered in 2015, with $1,705 in FY2021 revenue. CharityIndex grades it F.
9504 Delphinium St, Prospect, KY, 40059 EIN 47-2598246 Since 2015
Revenue (FY2021)
$1,705
▼ 47.1% vs prior year
Philanthropy median: $168K
Expenses (FY2021)
$444
Net assets
-$1,925
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Passing-it-on Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +74% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Passing-it-on Foundation Inc: 0 mo reserves · +74% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Passing-it-on Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Passing-it-on Foundation Inc: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
- Address
- 9504 Delphinium St, Prospect, KY, 40059
- City
- Prospect
- State
- Kentucky
- Subcategory
- Federated Giving Programs
Financial trends
Revenue declined from $1,831 (FY2014) to $1,705 (FY2021) across 8 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $3,635Net assets -$1,925
Operating margin
74.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1,710
Total liabilities
$3,635
Net assets
-$1,925
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $1,705▼47.1% | $444▼86.9% | -$1,925▲39.6% | $1,710▲4929% | 990EZ |
| 2020 | $3,223▲300% | $3,381▲106% | -$3,186▼5.2% | $34▼94.8% | 990EZ |
| 2019 | $805▼52.8% | $1,643▼60.8% | -$3,028▼38.3% | $658▼48.6% | 990EZ |
| 2018 | $1,704▲121% | $4,188▲169% | -$2,190▼845% | $1,279▲6.3% | 990EZ |
| 2017 | $771▼34.9% | $1,556▲3.6% | $294▼72.8% | $1,203▼24.3% | 990EZ |
| 2016 | $1,185▼78.2% | $1,502▼70.6% | $1,079▼22.7% | $1,590▼26.2% | 990EZ |
| 2015 | $5,435▲197% | $5,112▲574% | $1,396▲30.1% | $2,154▲17.6% | 990EZ |
| 2014 | $1,831 | $758 | $1,073 | $1,831 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $12K total
2 grants to Passing-it-on Foundation Inc totaling $12K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Growth | 2022 | $6,000 |
| National Christian Charitable Foundation | Growth | 2022 | $6,000 |
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Frequently asked questions
- Is Passing-it-on Foundation Inc a legitimate nonprofit?
- Yes. Passing-it-on Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2598246, based in Prospect, Kentucky. Donations are tax-deductible.
- What is Passing-it-on Foundation Inc's EIN?
- Passing-it-on Foundation Inc's Employer Identification Number (EIN) is 47-2598246.
- How much revenue does Passing-it-on Foundation Inc report?
- Passing-it-on Foundation Inc reported $1,705 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- What financial grade does Passing-it-on Foundation Inc have?
- CharityIndex grades Passing-it-on Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Passing-it-on Foundation Inc (EIN 47-2598246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.