Path Ventures

Analysis

Path Ventures is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Path Ventures reported income of $8.6m and spending of $5.8m, leaving 33% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $1.8m to $8.6m (+386%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 520%. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Path Ventures sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Belmont Housing Resources for Wny Inc ($8.6m), Dallas Mission for Life Inc ($8.7m) and United Housing Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $723k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $89.9m against liabilities of $62.2m, net assets of $27.7m. It reported 17 employees.