Path Inc

Analysis

Path Inc is a registered charity in United States, based in York, SC. It received its IRS tax-exemption ruling in March 1984, 42 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 December 2023, Path Inc reported income of $390k and spending of $257k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $205k to $390k (+90%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Path Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Sarasota Institute of Lifetime Learning Inc ($390k), PTA California Congress of Parents Teachers & Students Inc ($390k) and Billys Homeplace Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $51k (20% of expenses). Other salaries and wages came to $42k. At year end it held assets of $1.0m against liabilities of $1,846, net assets of $1.0m. It reported 9 employees.