Path to Jobs Inc

Analysis

Path to Jobs Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Path to Jobs Inc reported income of $446k and spending of $306k, leaving 31% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $233k to $446k (+91%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 269%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Path to Jobs Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Houston Junior Aeros Hockey Association ($445k), Downtown Lees Summit Main Street Inc ($446k) and Knead Community Cafe ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $86k. At year end it held assets of $396k against liabilities of $217k, net assets of $179k.