Pathway Network Incorporated

Analysis

Pathway Network Incorporated is a registered charity in United States, based in Sharpsburg, GA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pathway Network Incorporated reported income of $56k and spending of $69k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $56k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pathway Network Incorporated sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within GA. Charities of a similar size with the same main cause include Herscher Townhouse Inc ($56k), CPC Norfolk Senior Housing Development Fund Corporation ($56k) and Lifeark Community Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.