Pathway to Possible Inc

Analysis

Pathway to Possible Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in November 1973, 53 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 June 2023, Pathway to Possible Inc reported income of $5.2m and spending of $5.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pathway to Possible Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Hospice of Scotland County Inc ($5.2m), Ebenezer Community Support Association Inc ($5.2m) and Unified Human Services Transportation System Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $192k (3.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $2.8m against liabilities of $998k, net assets of $1.8m. It reported 82 employees.