Ubuntu Pathways Inc

Analysis

Ubuntu Pathways Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2000, 26 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 June 2023, Ubuntu Pathways Inc reported income of $2.6m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.6m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 355%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ubuntu Pathways Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include NJ Leep Inc ($2.6m), Leadership Academy of Nevada ($2.6m) and Sonia and Max Silverstein Hebrew Academy ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $953k (36% of expenses). Other salaries and wages came to $15k. At year end it held assets of $9.2m against liabilities of $973k, net assets of $8.2m. It reported 10 employees.