Pathway Ministries

Analysis

Pathway Ministries is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in July 1957, 69 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, Pathway Ministries reported income of $5.7m and spending of $6.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.7m (+36%), an average of +8.0% a year. 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, Pathway Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Golden Gate Development Corporation ($5.7m), Nassau County Council on Aging Incorporated ($5.7m) and Leadingage Minnesota Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $135k (2.3% of expenses). Other salaries and wages came to $2.5m. It paid $308k in professional fundraising fees. At year end it held assets of $6.0m against liabilities of $247k, net assets of $5.7m. It reported 103 employees.