New Path Inc

Analysis

New Path Inc is a registered charity in United States, based in Tipp City, OH. It received its IRS tax-exemption ruling in September 2001, 25 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 December 2023, New Path Inc reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Path Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include The Billionaire Womens Club Charity ($1.9m), Neighbor for Neighbor Inc ($1.9m) and Park Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $91k (4.6% of expenses). Other salaries and wages came to $272k. At year end it held assets of $844k against liabilities of $37k, net assets of $807k.