Pathways Adult Education & Training Inc

Analysis

Pathways Adult Education & Training Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 August 2023, Pathways Adult Education & Training Inc reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.1m (+1.9%), an average of +0.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pathways Adult Education & Training Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Little Galilee Christian Assembly ($1.1m), Teaneck Volunteer Ambulance Corps ($1.1m) and International Aae Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $64k (5.1% of expenses). Other salaries and wages came to $739k. At year end it held assets of $232k against liabilities of $155k, net assets of $77k. It reported 50 employees.