Pathfinder Development Corporation

Analysis

Pathfinder Development Corporation is a registered charity in United States, based in Jacksonville, AR. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pathfinder Development Corporation reported income of $125k and spending of $132k, spending 106% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $127k to $125k (-1.1%), an average of -0.6% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pathfinder Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within AR. Charities of a similar size with the same main cause include American Merchant Marine Veterans Inc ($125k), Tween School N Home Child Care Program ($125k) and Thiensville-Mequon Rotary Foundation Inc ($125k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $13k. At year end it held assets of $232k against liabilities of $560k, net assets of -$328k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.