Path Partnerships

Analysis

Path Partnerships is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 September 2023, Path Partnerships reported income of $730k and spending of $742k, spending 102% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $2.6m to $730k (-72%), an average of -35% a year. The sharpest change came in the year to September 2023, when income rose by 146%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Path Partnerships sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Iowa Construction Career Institue Inc ($730k), Silver State Fair Housing Council ($730k) and Hopeline Womens Center Inc ($730k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $125k (17% of expenses). Other salaries and wages came to $166k. At year end it held assets of $3.9m against liabilities of $58k, net assets of $3.9m.