Economic Mobility Pathways Inc

Analysis

Economic Mobility Pathways Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Economic Mobility Pathways Inc reported income of $15.0m and spending of $16.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $15.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Economic Mobility Pathways Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Texas Research and Technology Foundation ($15.0m), Community Health Connection Inc ($15.0m) and Steppingstone Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $693k (4.3% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $15.7m against liabilities of $4.3m, net assets of $11.5m. It reported 156 employees.