Compass Path Inc

Analysis

Compass Path Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Compass Path Inc reported income of $316k and spending of $287k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $228k to $316k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Compass Path Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include All for One Inc ($316k), End It Corporation ($316k) and US Friends of Munster Youth Rugby ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $69k (24% of expenses). Other salaries and wages came to $68k. At year end it held assets of $61k against liabilities of $21k, net assets of $40k. It reported 3 employees.