Life Path Inc

Analysis

Life Path Inc is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Life Path Inc reported income of $24.9m and spending of $24.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $20.3m to $24.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Path Inc sits at the 97th percentile: it is larger than about 97% 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 Saint Francis House Inc ($24.9m), Cunningham Childrens Home of Urbana Illinois ($24.9m) and Realistic Education in Action Coalition to Foster Health ($24.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $170k (0.7% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $10.4m against liabilities of $3.9m, net assets of $6.5m. It reported 191 employees.