Path of Hope Inc

Analysis

Path of Hope Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2024, Path of Hope Inc reported income of $1.6m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $921k to $1.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Path of Hope Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Health Services Foundation ($1.6m), Extra Mile Region VI ($1.6m) and Mental Health America of Boone County ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 85% of the total. Other salaries and wages came to $793k. At year end it held assets of $820k against liabilities of $400k, net assets of $420k. It reported 44 employees.