Path Forward

Analysis

Path Forward is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Path Forward reported income of $1.0m and spending of $1.4m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $893k to $1.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Path Forward sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Junior League of Tampa Inc ($1.0m), Diboll Boosters Club Inc ($1.0m) and Community Building Initiative ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $138k (10% of expenses). Other salaries and wages came to $685k. At year end it held assets of $234k against liabilities of $116k, net assets of $117k. It reported 14 employees.