Pathways to Prosperity Inc

Analysis

Pathways to Prosperity Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in September 2011, 15 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 September 2023, Pathways to Prosperity Inc reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $861k to $2.0m (+129%), an average of +23% a year. The sharpest change came in the year to September 2023, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pathways to Prosperity Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Envision Foundation Inc ($2.0m), Young Mens Christian Association of Albany Inc ($2.0m) and Lifetown Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (7.8% of expenses). Other salaries and wages came to $714k. At year end it held assets of $759k against liabilities of $373k, net assets of $386k. It reported 18 employees.