Pathfinder Manufacturing

Analysis

Pathfinder Manufacturing is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in December 1996, 30 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 December 2023, Pathfinder Manufacturing reported income of $6.0m and spending of $6.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.4m to $6.0m (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pathfinder Manufacturing sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Thomas More College of Liberal Arts Incorporated ($6.0m), San Carlos Charter Learning Center ($6.0m) and Chicago Collegiate Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $185k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.3m against liabilities of $3.0m, net assets of $3.3m. It reported 141 employees.