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 $2.9m and spending of $1.8m, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.8m to $2.9m (-23%), an average of -6.2% a year. The sharpest change came in the year to September 2022, when income rose by 382%. Over the whole period it spent 50% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Ponderosa Apartments Inc ($2.9m), Lutheran Church Home at Greenfield Inc ($2.9m) and Evergreen Youth & Family Serv Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.8% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $52k (2.9% of expenses). At year end it held assets of $31.2m against liabilities of $4.5m, net assets of $26.7m. It reported 1 employees.