Path School Inc

Analysis

Path School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2019, 7 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 June 2023, Path School Inc reported income of $9.5m and spending of $8.0m, spending 84% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.3m to $9.5m (+80%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Path School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include University of North Carolina at Asheville Foundation Inc ($9.5m), Marvelwood Preparatory School ($9.5m) and Concord Consortium Inc ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $284k (3.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $3.8m against liabilities of $264k, net assets of $3.5m. It reported 60 employees.