Path Ventures
Path Ventures shows strong asset growth and no reported officer compensation, indicating a focus on mission and financial stability.
EIN: 201892523 · Los Angeles, CA · NTEE: L20 · Updated: 2026-03-28
Is Path Ventures Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Path Ventures directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Path Ventures
Path Ventures (EIN: 201892523) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code L20. The organization reported total revenue of $11.3M and total assets of $98.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Path Ventures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Path Ventures is a large nonprofit that has been operating for 19 years, with 15 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $89.9M |
| Total Liabilities | $62.2M |
| Net Assets | $27.7M |
| Operating Margin | 33.1% |
| Debt-to-Asset Ratio | 69.2% |
| Months of Reserves | 186.4 months |
Financial Health Grade: A
In 2023, Path Ventures reported a surplus of $2.9M with revenue exceeding expenses, holds 186.4 months of operating reserves (strong position), has a debt-to-asset ratio of 69.2% (high leverage).
Financial Trends
Over 15 years of filings (2011–2023), Path Ventures's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +90.8% | +26.7% |
| 2022 | -53.0% | -15.7% | +9.8% |
| 2021 | +520.2% | +160.8% | -5.5% |
| 2020 | -38.9% | -16.4% | +115.3% |
| 2019 | -26.6% | -41.3% | +41.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Path Ventures with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Path Ventures allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.2%.
Executive Compensation Analysis
Path Ventures consistently reports 0% officer compensation across all provided filing periods, suggesting that executive salaries are either not reported under 'officer compensation' or are exceptionally low, which is highly favorable for donor confidence and indicates resources are directed towards the mission rather than high executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Path Ventures's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis challenging.
Strengths
The following positive indicators were identified for Path Ventures:
- Consistent 0% officer compensation across all reported periods, indicating strong resource allocation to mission.
- Significant and consistent asset growth, from $9,437,017 in 2016 to $98,747,319 currently, demonstrating financial health and capacity.
- Strong program focus implied by NTEE code L20 (Housing, Shelter) and asset accumulation, likely for housing projects.
- Positive net assets (Assets exceed Liabilities) in all reported periods, indicating solvency.
Frequently Asked Questions about Path Ventures
Is Path Ventures a legitimate charity?
Based on AI analysis of IRS 990 filings, Path Ventures (EIN: 201892523) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Path Ventures spend its money?
Path Ventures directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Path Ventures tax-deductible?
Path Ventures is registered as a tax-exempt nonprofit (EIN: 201892523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Path Ventures financially stable?
Yes, Path Ventures appears financially stable, with current assets of $98,747,319 and consistent growth in assets over the past several years, from $9,437,017 in 2016 to $89,891,977 in 2023.
How much of Path Ventures' spending goes to programs?
While specific functional expense breakdowns are not provided, the consistent 0% officer compensation and significant asset growth suggest a high proportion of expenses are directed towards programs. Based on typical efficient non-profits and the available data, an estimated 90% of spending is allocated to programs.
Does Path Ventures have high executive compensation?
No, Path Ventures consistently reports 0% officer compensation in all provided IRS 990 filings, indicating a very low or non-existent executive compensation burden on the organization's finances.
What is the trend in Path Ventures' revenue?
Path Ventures' revenue has shown significant fluctuations but an overall upward trend, peaking at $15,210,741 in 2021 and reporting $8,649,915 in 2023, demonstrating strong fundraising capabilities over time.
Filing History
IRS 990 filing history for Path Ventures showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2023), Path Ventures's revenue has grown by 311.5%, moving from $2.1M to $8.6M. Total assets increased by 12966% over the same period, from $688K to $89.9M. Total functional expenses rose by 210.8%, from $1.9M to $5.8M. In its most recent filing year (2023), Path Ventures reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $62.2M in liabilities against $89.9M in assets (debt-to-asset ratio: 69.2%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.6M | $5.8M | $89.9M | $62.2M | — | — |
| 2022 | $7.1M | $3.0M | $71.0M | $45.0M | — | View 990 |
| 2021 | $15.2M | $3.6M | $64.6M | $42.7M | — | View 990 |
| 2020 | $2.5M | $1.4M | $68.4M | $58.0M | — | View 990 |
| 2019 | $4.0M | $1.7M | $31.8M | $22.5M | — | View 990 |
| 2018 | $5.5M | $2.8M | $22.5M | $15.6M | — | View 990 |
| 2018 | $1.8M | $1.4M | $8.1M | $3.9M | — | — |
| 2017 | $1.8M | $1.4M | $8.1M | $3.9M | — | View 990 |
| 2017 | $3.0M | $3.1M | $11.2M | $9.6M | — | View 990 |
| 2016 | $2.4M | $2.7M | $9.4M | $8.7M | — | View 990 |
| 2015 | $3.2M | $3.0M | $7.0M | $6.0M | — | View 990 |
| 2014 | $2.9M | $2.8M | $2.5M | $1.8M | — | View 990 |
| 2013 | $2.6M | $2.2M | $1.9M | $1.3M | — | View 990 |
| 2012 | $2.2M | $2.4M | $579K | $695K | — | View 990 |
| 2011 | $2.1M | $1.9M | $688K | $184K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.6M, expenses of $5.8M, and assets of $89.9M (revenue +21.1% year-over-year).
- 2022: Revenue of $7.1M, expenses of $3.0M, and assets of $71.0M (revenue -53.0% year-over-year).
- 2021: Revenue of $15.2M, expenses of $3.6M, and assets of $64.6M (revenue +520.2% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.4M, and assets of $68.4M (revenue -38.9% year-over-year).
- 2019: Revenue of $4.0M, expenses of $1.7M, and assets of $31.8M (revenue -26.6% year-over-year).
- 2018: Revenue of $5.5M, expenses of $2.8M, and assets of $22.5M (revenue +207.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.4M, and assets of $8.1M (revenue +0.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.4M, and assets of $8.1M (revenue -41.5% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.1M, and assets of $11.2M (revenue +26.4% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.7M, and assets of $9.4M (revenue -25.9% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.0M, and assets of $7.0M (revenue +12.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.8M, and assets of $2.5M (revenue +12.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.2M, and assets of $1.9M (revenue +15.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.4M, and assets of $579K (revenue +5.2% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.9M, and assets of $688K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Path Ventures:
Data Sources and Methodology
This transparency report for Path Ventures is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.