Lifepath Inc

Analysis

Lifepath Inc is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in January 1975, 51 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 June 2023, Lifepath Inc reported income of $63.2m and spending of $64.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.0m to $63.2m (+3.7%), an average of +0.9% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifepath Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Graceworks Lutheran Services ($63.2m), St Hope Foundation Inc ($63.3m) and Bishop Gadsden Episcopal Retirement Community ($63.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $558k (0.9% of expenses). Other salaries and wages came to $33.8m. At year end it held assets of $22.6m against liabilities of $24.4m, net assets of -$1.9m. It reported 818 employees.