Path - Preserving Archiving & Teaching Hiphop Inc

Analysis

Path - Preserving Archiving & Teaching Hiphop Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Path - Preserving Archiving & Teaching Hiphop Inc reported income of $238k and spending of $224k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $238k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Path - Preserving Archiving & Teaching Hiphop Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Erie County Music Educators Association ($238k), Three Maples Renaissance Corporation ($238k) and Irish-American Heritage Museum ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (36% of expenses). At year end it held assets of $106k against liabilities of $101k, net assets of $4,879. It reported 2 employees.