Britepaths Inc

Analysis

Britepaths Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 June 2023, Britepaths Inc reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.4m to $2.8m (+99%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 854%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Britepaths Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Armenian Evangelical Union of North America ($2.8m), Revitalize Community Development Corporation ($2.8m) and Gretna Public Schools Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $139k (4.7% of expenses). Other salaries and wages came to $967k. At year end it held assets of $1.3m against liabilities of $436k, net assets of $869k. It reported 28 employees.