Paths to Independence

Analysis

Paths to Independence is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Paths to Independence reported income of $2.1m and spending of $1.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to June 2024, income grew from $1.5m to $2.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 298%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paths to Independence sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Bronxville Montessori School ($2.1m), Brightpoint Community College Foundation ($2.1m) and Learning Community Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $71k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.4m against liabilities of $765, net assets of $4.4m. It reported 84 employees.