Pave the Way Foundation Inc

Analysis

Pave the Way Foundation Inc is a registered charity in United States, based in Wantagh, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Pave the Way Foundation Inc reported income of $809k and spending of $794k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $809k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pave the Way Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Africa Development Mission ($808k), Marine Reach Global ($809k) and Underground Network Incorporated ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $204k (26% of expenses). At year end it held assets of $96k against liabilities of $18k, net assets of $78k. It reported 3 employees.