Pathways Vermont Inc

Analysis

Pathways Vermont Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2023, Pathways Vermont Inc reported income of $10.9m and spending of $10.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $10.9m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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 Vermont Inc 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 95th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Beneficent Technology Inc ($10.9m), Peaceful Living ($10.9m) and Encompass Early Education and Care Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $144k (1.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $3.2m against liabilities of $1.7m, net assets of $1.5m. It reported 205 employees.