Nupath Inc

Analysis

Nupath Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nupath Inc reported income of $27.0m and spending of $26.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $27.0m (+19%), an average of +4.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nupath Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Leader Dogs for the Blind ($27.0m), South Carolina Youth Advocate Program Inc ($27.1m) and Childrens Home of Poughkeepsie Ny ($27.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $553k (2.1% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $17.8m against liabilities of $11.7m, net assets of $6.1m. It reported 448 employees.