Paving the Way Multi Service Institute

Analysis

Paving the Way Multi Service Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2015, 11 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 2022, Paving the Way Multi Service Institute reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $437k to $2.3m (+423%), an average of +74% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paving the Way Multi Service Institute sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Awake Ministries ($2.3m), Glassboro Child Development Centers ($2.3m) and Maryland Baptist Aged Home of the United Baptist Missionary Conven- ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $148k (7.3% of expenses). At year end it held assets of $603k against liabilities of $281k, net assets of $322k. It reported 43 employees.