Path
Path reported $175.1 million in revenue and $170.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.26 went to program services, $8.64 to management and general costs and $1.10 to fundraising. Its largest source of revenue was contributions and grants: 97.7% of the total. Government grants made up 89.9%. The highest compensation it reported for one person was $451,055 (CHIEF EXECUTIVE OFFICER). 7 people received more than $100,000 in reportable compensation. Revenue rose 98% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $170MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $175MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.3% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.6% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.7% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 89.9% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $451,055 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.27% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.6 | 6.9 |
| Independent voting board members Part VI 1a–1b | 23 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePermanent supportive housing: path provides long-term rental subsidies and intensive case management services (icms) to individuals who have experienced chronic homelessness and live with disabilities, chronic medical conditions, and/or behavioral health conditions. These services may include licensed board and care placements, adult residential facilities, or residential care facilities for older adults
Interim housing program: path provides interim housing to get people off the streets as quickly as possible while they work with path staff to move into permanent homes. A safe place to stay is, often, the most pressing need for people experiencing homelessness. The streets can be a very dangerous place to sleep
Rapid re-housing: path supports individuals using an evidenced based rapid re-housing model that pairs rental subsidies with intensive case management. The program focuses on moving individuals and families into their own home quickly while wrapping supportive services around them for long term sustainability
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $311,188 | $98,190 | $41,677 | $451,055 |
| CHIEF OPERATING OFFICER Highest compensated employee, 40.00 hrs/week | $216,605 | $87,118 | $42,308 | $346,031 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $168,309 | $120,077 | $30,285 | $318,671 |
| CHIEF PROGRAM OFFICER Highest compensated employee, 40.00 hrs/week | $228,983 | $0 | $38,555 | $267,538 |
| CHIEF REGIONAL OFFICER Highest compensated employee, 40.00 hrs/week | $213,729 | $0 | $21,232 | $234,961 |
| CHIEF EXTERNAL AFFAIRS OFF Highest compensated employee, 40.00 hrs/week | $213,897 | $0 | $11,104 | $225,001 |
| CHIEF COMPLIANCE AND ADMINSTRATIVE OFFICER Highest compensated employee, 40.00 hrs/week | $198,457 | $0 | $20,124 | $218,581 |
7 people received more than $100,000 in reportable compensation from Path (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 23 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,552
- Volunteers Part I, line 65,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MDG ASSOCIATES LLC Client housing | $927,335 |
| 1479 LA CIENEGA LLC Client housing | $677,327 |
| LEAF CAPITAL FUNDING LLC Commercial financing services | $430,989 |
| NORMANDIE APARTMENTS 6550 LLC Client housing | $410,253 |
| C2K PROPERTIES LLC Client housing | $409,035 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
29 private foundations reported grants to Path totaling $579K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Path's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Path, you can publish a response that is linked from this page.
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Of every $100 Path spent in FY2025, $90.26 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Early Learning Coalition of Broward CountyFort Lauderdale, FL · revenue $175M · programs 97.2% · FY2025
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All human services charities · Largest charities in California
Questions people ask
How much of Path's spending goes to programs?
In the fiscal year ending June 30, 2025, Path reported that 90.3% of its $170.1 million in expenses went to program services, 8.6% to management and general and 1.1% to fundraising (Form 990, Part IX).
How much does Path pay its top executive?
The largest total compensation Path reported for one person in the fiscal year ending June 30, 2025 was $451,055, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Path get its money?
Of $175.1 million in revenue in the fiscal year ending June 30, 2025, 97.7% came from contributions and grants (including 89.9% from government grants) and 2.0% from program service revenue (Form 990, Part VIII).
Is Path a registered charity?
The IRS lists EIN 95-3950196 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641289349303684 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541009349300724 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349302903 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340819349301804 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230909349300113 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131129349301588 · read the filing
All filings for EIN 95-3950196: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.