Pathway Inc

Analysis

Pathway Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1965, 61 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 December 2023, Pathway Inc reported income of $17.8m and spending of $17.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $17.8m (+214%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathway Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Sobrato Early Academic Language Program ($17.8m), Jumpstart for Young Children Inc ($17.8m) and Youthprise ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $275k (1.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $3.8m against liabilities of $2.2m, net assets of $1.7m. It reported 171 employees.