Path Inc
- Assets
- $706.6k
- Revenue
- $418.5k
- Investments
- $0.0
- Employees
- 8
- Location
- York, SC
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 57-0565029
Organization Overview
Path Inc is located in York, SC. The organization was established in 1984. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Path Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Path Inc generated $418.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $209.5k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP OR TO MINISTER TO THOSE IN NEED, TO HELP PROVIDE TEMPORARY ASSISTANCE IN TIMES OF CRISIS AS WELL AS LONG TERM SOLUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORE
PATH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurielynn Comer Exec Dir | Trustee | 10 | $14,747 |
Cheryl Curtin Exec Dir | Trustee | 10 | $2,632 |
Beth Miller Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,661 |
| Total Program Service Revenue | $114,855 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $69,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,000 |
| Compensation of current officers, directors, key employees. | $38,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $190 |
| Office expenses | $976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,175 |
| Insurance | $4,804 |
| All other expenses | $771 |
| Total functional expenses | $209,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $207,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,637 |
| Accounts payable and accrued expenses | $1,718 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,718 |
| Net assets without donor restrictions | $693,337 |
| Net assets with donor restrictions | $11,582 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $706,637 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Path Inc has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $5,627 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $1,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,312 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thdf Ii Inc Atlanta, GA | $179,301,928 | $109,861,621 |
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Anderson Interfaith Ministries Inc Anderson, SC | $3,291,014 | $7,774,313 |
Cooperative Ministry Columbia, SC | $4,164,954 | $7,208,080 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |
Raleigh Rescue Mission Incorporated Raleigh, NC | $5,794,848 | $6,401,459 |
Rowan Helping Ministries Salisbury, NC | $5,312,011 | $5,506,576 |