Pathstone Corporation

Analysis

Pathstone Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Pathstone Corporation reported income of $22.0m and spending of $23.5m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $25.0m to $22.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2021, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pathstone Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity of San Antonio Inc ($21.9m), Modesto Affiliated Church Housing Corp ($22.0m) and Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp ($21.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $150.8m against liabilities of $35.3m, net assets of $115.5m.