Pathway to Serenity Inc

Analysis

Pathway to Serenity Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2013, 13 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 December 2023, Pathway to Serenity Inc reported income of $234k and spending of $193k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $234k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pathway to Serenity Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Dorothy Day Hospitality House Inc ($234k), Ocoee Outreach ($234k) and Habitat for Humanity International Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.