Veteran Pathways of New England Inc

Analysis

Veteran Pathways of New England Inc is a registered charity in United States, based in Devens, MA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Veteran Pathways of New England Inc reported income of $2.4m and spending of $2.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.4m (+131%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veteran Pathways of New England Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Fusion Global Inc ($2.4m), Council for Childrens Rights Inc ($2.4m) and The Diaper Bank of Connecticut Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.8% of the total. Other salaries and wages came to $971k. At year end it held assets of $5.1m against liabilities of $2.6m, net assets of $2.4m. It reported 26 employees.