Pathstone Corporation

Analysis

Pathstone Corporation is a registered charity in United States, based in Kennett SQ, PA. 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 $1.1m and spending of $135k, leaving 87% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $89k to $1.1m (+1097%), an average of +86% a year. The sharpest change came in the year to September 2023, when income rose by 1209%. Over the whole period it spent 38% 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 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Puerto Rico Neighborhood Housing Services Corp ($1.1m), Deedco Gardens Inc ($1.1m) and NCR of Ballston Spa Housing Development Fund Co Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 6.5% of the total. Other salaries and wages came to $3,283. At year end it held assets of $970k against liabilities of $536k, net assets of $434k.