Fora Pathways Inc

Analysis

Fora Pathways Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fora Pathways Inc reported income of $34.7m and spending of $30.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.6m to $34.7m (+41%), an average of +9.0% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fora Pathways Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Mid-Michigan Inc ($34.5m), Pacific Asian Consortium in Employment ($35.0m) and Cicp Foundation Inc ($34.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (4.1% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $34.9m against liabilities of $5.6m, net assets of $29.3m. It reported 429 employees.