Building Pathways Inc

Analysis

Building Pathways Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Building Pathways Inc reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $1.8m (+112%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Pathways Inc 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 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Moore County Economic Development Partnership ($1.8m), Westcott Community Center Inc ($1.8m) and The Downtownwaterfront Business Improvement District Inc of ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $550k (40% of expenses). At year end it held assets of $2.2m against liabilities of $543k, net assets of $1.7m. It reported 8 employees.