Pathway Corporation

Analysis

Pathway Corporation is a registered charity in United States, based in West Norriton, PA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pathway Corporation reported income of $2.8m and spending of $1.6m, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.8m (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathway Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Working in Support of Education ($2.8m), Green Lake Preschool and Childcare Center ($2.8m) and Grand Lake Montessori ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Other salaries and wages came to $693k. At year end it held assets of $15.2m against liabilities of $4.6m, net assets of $10.6m.