Pathnorth Inc

Analysis

Pathnorth Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pathnorth Inc reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathnorth Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Khalsa Montessori Elementary School ($1.5m), The Benjamin Franklin Educational Foundation Inc ($1.5m) and Great Expectations Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $429k (25% of expenses). Other salaries and wages came to $149k. At year end it held assets of $908k against liabilities of $209k, net assets of $699k. It reported 4 employees.