Pathforward Inc

Analysis

Pathforward Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Pathforward Inc reported income of $6.2m and spending of $5.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.2m (+14%), an average of +3.4% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pathforward Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include University Area Community Development Corporation Inc ($6.2m), North Austin Community Center ($6.2m) and Peninsula Services ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $263k (4.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m. It reported 79 employees.