Paths to Independence Inc

Analysis

Paths to Independence Inc is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in March 2024, 2 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 December 2022, Paths to Independence Inc reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $3.2m to $4.0m (+26%), an average of +6.0% a year. 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, Paths to Independence Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Farm Aid Inc ($4.0m), Washita Valley Community Action Council ($4.0m) and Three Rivers Youth ($4.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $4.0m against liabilities of $131k, net assets of $3.8m.