Life Pathway

Analysis

Life Pathway is a registered charity in United States, based in Big Lake, AK. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 October 2023, Life Pathway reported income of $255k and spending of $268k, spending 105% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $295k to $255k (-14%), an average of -3.6% a year. The sharpest change came in the year to October 2022, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Pathway sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within AK. Charities of a similar size with the same main cause include Ministerios Palabra Verda Vida ($255k), Koyukon Camp Ministries Inc ($255k) and Shekinah Glory Ministries Inc ($255k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 82% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $12k (4.7% of expenses). At year end it held assets of $304k against liabilities of $8,492, net assets of $295k. It reported 3 employees.