Path INC EIN 57-0565029

Path INC

EIN  57-0565029 Public charity (501(c)(3)) York, SC Founded 1998
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides temporary aid and long-term solutions for people facing crises.
Leadership
Laurielynn Comer · Executive Di
Money in and out
$321K revenue, $179K expenses
Bottom line
77% program efficiency

Provides temporary aid and long-term solutions for people facing crises. For fiscal year 2025 it reported $321K in revenue, $179K in expenses, and $1.6M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
107.8mo
months of highly liquid reserves at operating expense rate▲ +43% vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▼ -34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$321K
FY2025▼ -54%
Expenses
$179K
FY2025▼ -23%
Total assets
$1.6M
FY2025▲ +10%
Total liabilities
$11K
FY2025▲ +166%
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2025.
01

Thrift store

Pt IX · col B
02

Path

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPath INC
EINHdr · item D57-0565029
Principal addressHdr · item CYork, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1998
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
See Path INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$293K · 91%
Investment income$19K · 6%
Program service revenue$9K · 3%
Contributions & grants91%$293K
Investment income6%$19K
Program service revenue3%$9K
— government grantsLn 1e$26K
Total revenueLn 12$321K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$138K
Management & general23%$41K
Total functional expensesLn 25$179K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$1.6M
Total liabilitiesLn 26$11K
Total net assetsLn 32$1.6M
Months of cash on handcomputed107.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $179K
107.8 months
Where the money goes
Program services
Program services $138K · Total expenses $179K
77%
Management & General
Management & general $41K · Total expenses $179K
23%
Fundraising
Fundraising $0 · Total expenses $179K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $277K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $293K · Total revenue $321K
91%
Government reliance
Government grants $26K · Total revenue $321K
8%
Earned-income share
Program service revenue $9K · Total revenue $321K
3%
Investment reliance
Investment income $19K · Total revenue $321K
+6%
Program self-sufficiency
Program service revenue $9K · Total expenses $179K
5%
Growth & trend
Revenue growth (YoY)
This year $321K · Prior year $694K
-54%
Revenue CAGR
FY2020 $346K · FY2025 $321K
-2%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $321K · Expenses $179K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laurielynn Comer · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $179K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $97K · Total expenses $179K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth -54%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 3 grants · $236K · 2023–2025
Unitemized GrantFY2025$29,380
Unitemized GrantFY2024$98,068
Unitemized GrantFY2023$108,365

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$321K revenue · viewing · ⤓ 990 PDF
FY2024$694K revenue · ⤓ 990 PDF
FY2023$390K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$419K revenue · ⤓ 990 PDF
FY2020$346K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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