Pathways for the Future Inc

Analysis

Pathways for the Future Inc is a registered charity in United States, based in Sylva, NC. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Pathways for the Future Inc reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.3m to $3.3m (-2.1%), an average of -0.5% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathways for the Future Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include M2 the Institute for Experiential Jewish Education ($3.3m), Lydia Patterson Institute of the Methodist Church ($3.3m) and Eastern Oregon University Foundation ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $69k (2.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $52k. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.