Path with Art

Analysis

Path with Art is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 with Art reported income of $3.5m and spending of $2.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.5m (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Path with Art sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Stern Grove Festival Association ($3.5m), National Ornamental Metal Museum Inc ($3.5m) and Waukesha Civic Theatre Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $294k (12% of expenses). Other salaries and wages came to $1.0m. It paid $8,000 in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $229k, net assets of $7.2m. It reported 59 employees.