Paving the Way Foundation

Analysis

Paving the Way Foundation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paving the Way Foundation reported income of $6.4m and spending of $3.2m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $6.4m (+1416%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paving the Way Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Concourse House Housing Development Fund Company Inc ($6.4m), Welcome House of Northern Kentucky Inc ($6.4m) and Ka Mana O Na Helu ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $301k (9.4% of expenses). Other salaries and wages came to $408k. At year end it held assets of $9.4m against liabilities of $6.2m, net assets of $3.2m.