Pathways to Independence Inc

Analysis

Pathways to Independence Inc is a registered charity in United States, based in Kearny, NJ. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Pathways to Independence Inc reported income of $3.6m and spending of $3.4m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.3m to $3.6m (+12%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pathways to Independence Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Robbins Childrens Programs Inc ($3.6m), Hope Village for Children Inc ($3.6m) and Tahoma Associates ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $121k (3.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.7m against liabilities of $474k, net assets of $3.2m. It reported 64 employees.