Pathway Publishing Corporation

Analysis

Pathway Publishing Corporation is a registered charity in United States, based in Howe, IN. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2020, Pathway Publishing Corporation reported income of $1.3m and spending of $1.6m, spending 121% of what it took in. Across the 2 years on record, from March 2019 to March 2020, income fell from $1.8m to $1.3m (-28%), an average of -28% a year. The sharpest change came in the year to March 2020, when income dropped by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pathway Publishing Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Austin Skyline Foundation ($1.3m), North Dakota Cowboy Hall of Fame Inc ($1.3m) and Center for Economic Growth ($1.3m).

On its Form 990 for the period ending March 2020, revenue came from contributions and grants 0.0% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $74k (4.6% of expenses). Other salaries and wages came to $139k. At year end it held assets of $4.0m against liabilities of $142k, net assets of $3.8m.