The Path Foundation

Analysis

The Path Foundation is a registered charity in United States, based in Abbeville, AL. It received its IRS tax-exemption ruling in April 1987, 39 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, The Path Foundation reported income of $231k and spending of $253k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $231k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Path Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include International Center of Medieval Art Inc ($231k), National Charity League Inc South Coast Chapter ($231k) and World S Attic Inc NP ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $50k (20% of expenses). At year end it held assets of $762k against liabilities of $0, net assets of $762k.