New Pathways Tech Inc

Analysis

New Pathways Tech Inc is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in April 2017, 9 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, New Pathways Tech Inc reported income of $79k and spending of $49k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $79k (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Pathways Tech Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Monte Vista Blue Jays Inc ($79k), San Buenaventura Friends of the Library ($79k) and Theta Chapter Chi Eta Phi Soroity Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $112k against liabilities of $63k, net assets of $49k.