See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$5.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $3.8M a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.0M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
24
named funders · $16.6M
Looks good: 24 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$292.9M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$334.1M
-5% vs prior year
Spent
$338.6M
To programs
90%
Net assets
$53.6M
By yearFY2020–FY2024
Revenue
$334.1M
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$301.0M
FY2021$343.1M
FY2022$352.8M
FY2023$334.1M
FY2024$353.5M
Expenses
$338.6M
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$293.1M
FY2021$335.3M
FY2022$346.6M
FY2023$338.6M
FY2024$352.1M
Net assets
$53.6M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$48.6M
FY2021$54.0M
FY2022$52.5M
FY2023$53.6M
FY2024$57.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $305.8M Management & general 9% · $31.3M Fundraising 0% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $5.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$636,343Pt VII · Sec A
Director, Primary Health Care
$546,693Pt VII · Sec A
Global Head, Respiratory Infections
$364,985Pt VII · Sec A
Gbl. Head, Center for Vax Innov. & Access
$363,861Pt VII · Sec A
Global Head, Malaria Vaccines
$354,453Pt VII · Sec A
Dir., Cen. Africa Hub & Drc Country Pro.
$341,251Pt VII · Sec A
Chief Programs & Innovation Officer
$334,777Pt VII · Sec A
Gbl. Head, Integ. Port. & Fin. Mgmt.
$325,066Pt VII · Sec A

Nikolaj Jested Gilbert Msc’s $817K as President and CEO is at the 88th percentile of top reported officer pay among 88 $100M+ international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nikolaj Jested Gilbert Msc$816,629$636,343$587,315$591,896—
Kimberly Green PHD$289,650$546,693$332,684$322,267—
David C Kaslow————$427,937
Melanie Saville Mbbs$422,864————
David C Kaslow MD——$356,341$408,184—
Ashley J Birkett PHD$396,482$354,453$340,464$330,205—
Trad M Hatton————$376,676
Jessica Milman Mph$372,768$363,861———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Path executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Partners with countries to improve health and expand access to care through tailored solutions and strengthened local systems.

Questions for Path

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Provided by the organization

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3 programs · $267.1M · in their own filed words · FY2023
01

The programs & innovation division brings deep technical expertise and a robust, collaborative, and interdisciplinary approach to support path country programs and partners in advancing health equity.

$136.6Mprogram expense
02

Essential Medicines

Path's essential medicines division develops and delivers lifesaving vaccines and drugs for communities around the globe--especially women and CHILDREN.(CONTINUED on schedule o)center for vaccine innovation and accesspath's center for vaccine innovation and access aligns expertise across every stage of vaccine research, development, and…

$88.7Mprogram expense
03

Asia, Middle East, and Europe Region

Path's leadership in the asia, middle east, and europe (amee) region leverages our global expertise across multiple health disciplines to champion equity in access to care, introduce new technologies and approaches, and partner across sectors to provide human-centered care and support.

$41.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 24 funders →
Grants paid · 308 grants · $120.0M · 2020–2024
University of WashingtonFY2024$2,606,100
Icf Macro INCFY2024$2,504,577
Jhpiego CorporationMD · FY2024$1,773,479
Regenstrief Institute INCIN · FY2024$1,229,401
Children's Hospital CorporationMA · FY2024$1,117,759
Indiana UniversityIN · FY2024$718,838
International Medical CorpsCA · FY2024$659,848
Techchange INCFY2024$652,264
Leidos Biomedical Research INCFY2024$478,633
VillagereachFY2024$423,738
The Boston Consulting GroupFY2024$397,320
See all 308 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$334.1M
Ln 12
Gifts and grantsLn 1h$327.9M
Investment incomeLn 3$4.8M
Other incomeLn 4–11$1.3M
Money outPt IX
$338.6M
Ln 25
Programscol B$305.8M
Managementcol C$31.3M
Fundraisingcol D$1.5M
Owns and owesPt X
$53.6M
net assets · Ln 32
Cash and savingsLn 1–2$82.1M
Total assetsLn 16$346.5M
LiabilitiesLn 26$292.9M
PeoplePt VI, VII
30
listed · VII A
PaidVII A14
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$327.9M
Government grantsLn 1e$120.7M
Noncash giftsLn 1g$356K
Investment incomeLn 3$4.8M
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$29K
Total revenueLn 12$334.1M
Assets in detailPt X, end of year
CashLn 1$12.8M
SavingsLn 2$69.3M
Cash and savings togetherLn 1–2$82.1M
InvestmentsLn 11–13$188.6M
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$28.2M
Total assetsLn 16$346.5M
LiabilitiesLn 26$292.9M
Net assetsLn 32$53.6M
OperationsPt I, VI
EmployeesI 5667
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$52.2M$82.1M
InvestmentsLn 11–13$198.2M$188.6M
Land, buildings, equipmentLn 10c$6.6M$6.9M
Total assetsLn 16$335.1M$346.5M
LiabilitiesLn 26$282.6M$292.9M
Net assetsLn 32$52.5M$53.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22.0M$22.0M
Grants and assistance to foreign recipientsLn 3$51.7M$51.7M
Pay of current officers, directors and key staffLn 5$3.4M$1.7M$1.6M$4K
Other salaries and wagesLn 7$99.0M$86.0M$12.3M$714K
Pension plan contributionsLn 8$12.0M$10.3M$1.6M$83K
Other employee benefitsLn 9$17.5M$15.8M$1.6M$85K
Payroll taxesLn 10$4.5M$3.9M$603K$31K
Legal feesLn 11b$1.1M$465K$656K
Accounting feesLn 11c$1.0M$276K$769K
Lobbying feesLn 11d$130K$130K
Investment management feesLn 11f$290K$290K
Other fees for servicesLn 11g$16.4M$14.5M$1.8M$199K
Advertising and promotionLn 12$61K$45K$9K$8K
Office expensesLn 13$4.3M$3.9M$337K$63K
Information technologyLn 14$7.0M$5.8M$1.1M$59K
RoyaltiesLn 15$260K$260K
OccupancyLn 16$12.1M$45K$12.1M−$880
TravelLn 17$17.1M$15.6M$1.5M$4K
Conferences, conventions and meetingsLn 19$12.7M$12.1M$585K$10K
InterestLn 20$371$371
Depreciation, depletion and amortizationLn 22$1.9M$1.9M
InsuranceLn 23$804K$187K$618K
Other expenses (24a–d)Ln 24$50.2M$47.6M$2.6M$114K
All other expensesLn 24e$2.8M$13.5M−$10.8M$123K
Total functional expensesLn 25$338.6M$305.8M$31.3M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $353.5M$352.1M$1.4M$57.7M 990 PDF
FY2023 Viewing $334.1M$338.6M−$4.5M$53.6M 990 PDF
FY2022 $352.8M$346.6M$6.2M$52.5M 990 PDF
FY2021 $343.1M$335.3M$7.8M$54.0M 990 PDF
FY2020 $301.0M$293.1M$7.9M$48.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $334,114,678 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,720,581$327,947,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,226,978$4,822,459
I-11 Other revenuePrior year $869,980$1,344,719
I-12 Total revenuePrior year $352,817,539$334,114,678
I-13 Grants and similar amounts paidPrior year $90,575,790$73,720,867
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $138,417,115$136,439,630
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,640,612$128,413,756
I-18 Total expensesPrior year $346,633,517$338,574,253
I-19 Revenue less expensesPrior year $6,184,022−$4,459,575
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $334,114,678 across 9 lines filed
VIII-1d Related organizations$2,356,451
VIII-1e Government grants$120,654,880
VIII-1f All other contributions, gifts and grants$204,936,169
VIII-1g Noncash contributions (included above)$355,699
VIII-1h Total contributions, gifts and grants$327,947,500
VIII-3 Investment incomeExcluded from tax $4,793,349$4,793,349
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,110$29,110
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,344,719$1,344,719
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,167,178$334,114,678
Part IX · Statement of functional expenses $338,574,253 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $21,998,905$21,998,905
IX-3 Grants and assistance to foreign recipientsPrograms $51,721,962$51,721,962
IX-5 Pay of current officers, directors and key staffPrograms $1,732,913 · Management $1,625,805 · Fundraising $4,466$3,363,184
IX-7 Other salaries and wagesPrograms $85,970,588 · Management $12,322,179 · Fundraising $713,916$99,006,683
IX-8 Pension plan contributionsPrograms $10,330,010 · Management $1,603,066 · Fundraising $83,016$12,016,092
IX-9 Other employee benefitsPrograms $15,818,501 · Management $1,641,463 · Fundraising $85,005$17,544,969
IX-10 Payroll taxesPrograms $3,874,880 · Management $602,615 · Fundraising $31,207$4,508,702
IX-11b Legal feesPrograms $464,631 · Management $656,470$1,121,101
IX-11c Accounting feesPrograms $275,886 · Management $769,042$1,044,928
IX-11d Lobbying feesPrograms $129,573$129,573
IX-11f Investment management feesManagement $290,011$290,011
IX-11g Other fees for servicesPrograms $14,469,676 · Management $1,776,546 · Fundraising $199,477$16,445,699
IX-12 Advertising and promotionPrograms $44,550 · Management $9,153 · Fundraising $7,692$61,395
IX-13 Office expensesPrograms $3,942,408 · Management $336,616 · Fundraising $63,159$4,342,183
IX-14 Information technologyPrograms $5,818,579 · Management $1,135,996 · Fundraising $58,990$7,013,565
IX-15 RoyaltiesPrograms $259,972$259,972
IX-16 OccupancyPrograms $44,773 · Management $12,076,416 · Fundraising −$880$12,120,309
IX-17 TravelPrograms $15,591,109 · Management $1,545,404 · Fundraising $4,128$17,140,641
IX-19 Conferences, conventions and meetingsPrograms $12,100,544 · Management $584,837 · Fundraising $10,099$12,695,480
IX-20 InterestPrograms $371$371
IX-22 Depreciation, depletion and amortizationManagement $1,893,077$1,893,077
IX-23 InsurancePrograms $186,690 · Management $617,693$804,383
IX-24 Other expenses (24a–d)Programs $47,567,580 · Management $2,553,410 · Fundraising $114,161$50,235,151
IX-24e All other expensesPrograms $13,461,189 · Management −$10,767,884 · Fundraising $122,612$2,815,917
IX-25 Total functional expensesPrograms $305,805,290 · Management $31,271,915 · Fundraising $1,497,048$338,574,253
Part X · Balance sheet $346,497,870 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $12,287,583$12,802,633
X-2 Savings and temporary cash investmentsStart of year $39,962,314$69,288,147
X-3 Pledges and grants receivableStart of year $37,140,905$34,122,933
X-4 Accounts receivableStart of year $303,620$117,402
X-9 Prepaid expenses and deferred chargesStart of year $7,299,862$6,488,268
X-10c Land, buildings and equipment, netStart of year $6,572,733$6,851,869
X-11 Publicly traded securitiesStart of year $198,170,250$188,619,248
X-15 Other assetsStart of year $33,353,888$28,207,370
X-16 Total assetsStart of year $335,091,155$346,497,870
X-17 Accounts payable and accrued expensesStart of year $240,270,829$257,648,624
X-25 Other liabilitiesStart of year $42,345,583$35,252,330
X-26 Total liabilitiesStart of year $282,616,412$292,900,954
X-27 Net assets without donor restrictionsStart of year $23,389,854$26,624,779
X-28 Net assets with donor restrictionsStart of year $29,084,889$26,972,137
X-32 Total net assets or fund balancesStart of year $52,474,743$53,596,916
X-33 Total liabilities and net assetsStart of year $335,091,155$346,497,870
Part XI · Reconciliation of net assets $53,596,916 net assets at year end
XI-1 Total revenue$334,114,678
XI-2 Total expenses$338,574,253
XI-3 Revenue less expenses−$4,459,575
XI-4 Net assets at start of year$52,474,743
XI-5 Net unrealized gains (losses) on investments$5,581,748
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,596,916

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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