Pathway Capital Funding Inc

Analysis

Pathway Capital Funding Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pathway Capital Funding Inc reported income of $91k and spending of $241k, spending 264% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $480k to $91k (-81%), an average of -56% a year. The sharpest change came in the year to September 2023, when income dropped by 81%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pathway Capital Funding 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 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Travel for Kids Incorporated ($91k), Carbon County Community Food Bank ($91k) and Doorway to Louisiana Inc ($91k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $76k (32% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $339k. It reported 3 employees.