Roads to Success Inc

Analysis

Roads to Success Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2002, 24 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 August 2023, Roads to Success Inc reported income of $7.7m and spending of $7.7m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.2m to $7.7m (+83%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 64%. 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, Roads to Success Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Seasons Hospice Inc ($7.7m), Korean American Family Services Inc ($7.7m) and Austin Area Urban League Inc ($7.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $497k (6.5% of expenses). Other salaries and wages came to $4.7m. It paid $16k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $1.2m, net assets of $735k. It reported 423 employees.