Pathways Academy

Analysis

Pathways Academy is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pathways Academy reported income of $435k and spending of $401k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $435k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathways Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Cubingusa ($435k), Westerhoff School of Music & Art Inc ($435k) and Rittman Academy ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). Other salaries and wages came to $212k. At year end it held assets of $355k against liabilities of $166k, net assets of $189k. It reported 9 employees.