New Pathways Inc

Analysis

New Pathways Inc is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in September 1999, 27 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 June 2023, New Pathways Inc reported income of $577k and spending of $464k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $394k to $577k (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Pathways Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Uryadis Village Inc ($577k), NHN ($577k) and The Family Restored ($577k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.1m. It reported 7 employees.