Pathways to Independence

Analysis

Pathways to Independence is a registered charity in United States, based in Los Alamitos, CA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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, Pathways to Independence reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.9m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pathways to Independence 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 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Pinecrest School Inc ($1.9m), Catholic Foundation of Allentown Inc ($1.9m) and Kentucky Coalition Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $125k (6.6% of expenses). Other salaries and wages came to $369k. It paid $47k in professional fundraising fees. At year end it held assets of $6.0m against liabilities of $73k, net assets of $5.9m. It reported 11 employees.