Mypath

Analysis

Mypath is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2023, Mypath reported income of $2.1m and spending of $3.1m, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 91%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mypath sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Kappa Alpha Psi Foundation Inc ($2.1m), E Town ($2.1m) and The Childrens Community Development Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $458k (15% of expenses). Other salaries and wages came to $1.5m. It paid $24k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $289k, net assets of $1.3m. It reported 25 employees.