Pathways Shelter for the Homeless Inc

Analysis

Pathways Shelter for the Homeless Inc is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in March 2016, 10 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, Pathways Shelter for the Homeless Inc reported income of $1.0m and spending of $958k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $1.0m (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pathways Shelter for the Homeless Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within SD. Charities of a similar size with the same main cause include Government Center Child Care Corporation ($1.0m), Cape Henlopen Senior Center ($1.0m) and Reach Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $55k (5.7% of expenses). Other salaries and wages came to $363k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 32 employees.