Path Foundation

Analysis

Path Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Path Foundation reported income of $51k and spending of $119k, spending 234% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $4.6m to $51k (-99%), an average of -99% a year. The sharpest change came in the year to June 2023, when income dropped by 99%. Over the whole period it spent 2.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Path Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include Bettie Brand Mothers Empowerment Fund Inc ($51k), Grand Army of the Republic Dept of Ca Nev Womans Relief Corps Aux ($51k) and Faith in the Future Inc ($51k).

At year end it held assets of $4.6m against liabilities of $113k, net assets of $4.5m.