Path Foundation Inc

Analysis

Path Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Path Foundation Inc reported income of $22.0m and spending of $14.3m, leaving 35% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $17.6m to $22.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2024, when income rose by 135%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Path Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include US Lacrosse Inc ($21.9m), Cowboy Athletics Inc ($22.1m) and United States Youth Soccer ($21.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $841k (5.9% of expenses). Other salaries and wages came to $148k. At year end it held assets of $16.5m against liabilities of $1.7m, net assets of $14.9m. It reported 5 employees.