Pathstone Corporation
Pathstone Corporation maintains strong asset base with no reported officer compensation.
EIN: 161183242 · Rochester, NY · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.5M |
| Total Expenses | $23.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $115.5M |
| Transparency Score | 85/100 |
Is Pathstone Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pathstone Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pathstone Corporation
Pathstone Corporation (EIN: 161183242) is a nonprofit organization based in Rochester, NY, classified under NTEE code L210. The organization reported total revenue of $23.5M and total assets of $150.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pathstone Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pathstone Corporation is a large nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.0M |
| Total Expenses | $23.5M |
| Surplus / Deficit | $-1,474,659 |
| Total Assets | $150.8M |
| Total Liabilities | $35.3M |
| Net Assets | $115.5M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 23.4% |
| Months of Reserves | 77.1 months |
Financial Health Grade: B
In 2023, Pathstone Corporation reported a deficit of $1.5M with expenses exceeding revenue, holds 77.1 months of operating reserves (strong position), has a debt-to-asset ratio of 23.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Pathstone Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +13.9% | +71.9% |
| 2022 | -5.9% | -1.0% | -1.0% |
| 2021 | -21.9% | -32.1% | +1.0% |
| 2020 | +9.3% | +21.2% | -4.6% |
| 2019 | +0.0% | +5.3% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Pathstone Corporation with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pathstone Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of Pathstone's size with over $20 million in annual revenue and over $150 million in assets, suggesting either a unique operational model where officers are compensated by a related entity or a reporting anomaly. If accurate, it implies a very high dedication of resources to the mission.
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 Pathstone Corporation's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate compensation through a related entity or an incomplete picture of executive remuneration.
Strengths
The following positive indicators were identified for Pathstone Corporation:
- Strong and growing asset base, with assets of $150,796,039 in 2023.
- Consistent positive net assets, indicating financial stability.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- No reported officer compensation, suggesting a high dedication of direct funds to the mission (if accurately representing total executive remuneration).
Frequently Asked Questions about Pathstone Corporation
Is Pathstone Corporation a legitimate charity?
Pathstone Corporation (EIN: 161183242) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $23.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Pathstone Corporation spend its money?
Pathstone Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pathstone Corporation tax-deductible?
Pathstone Corporation is registered as a tax-exempt nonprofit (EIN: 161183242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pathstone Corporation CEO make?
Pathstone Corporation's highest-compensated officer earns $20 annually. The organization reported $23.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pathstone Corporation's spending goes to programs?
Pathstone Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pathstone Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pathstone Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pathstone Corporation located?
Pathstone Corporation is headquartered in Rochester, New York and files with the IRS under EIN 161183242. It is classified under NTEE code L210.
How many years of IRS 990 filings does Pathstone Corporation have?
Pathstone Corporation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.5M in total revenue.
How does Pathstone Corporation manage to report 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all filings for an organization with over $20 million in revenue and $150 million in assets is highly unusual. It suggests that officers may be compensated by a related entity, or there's a specific operational structure that doesn't involve direct compensation from Pathstone Corporation itself. Further investigation into their organizational structure and related entities would be necessary to understand this.
What is the detailed breakdown of Pathstone's program, administrative, and fundraising expenses?
The provided data does not include a detailed breakdown of program, administrative, and fundraising expenses. While we can infer a strong program focus due to 0% officer compensation, specific percentages are not available in this summary.
Has Pathstone Corporation experienced significant growth in assets recently?
Yes, Pathstone Corporation has shown significant asset growth. Its assets increased from $87,715,793 in 2022 to $150,796,039 in 2023, representing a substantial increase in a single year.
Filing History
IRS 990 filing history for Pathstone Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Pathstone Corporation's revenue has grown by 36.7%, moving from $16.1M to $22.0M. Total assets increased by 148.7% over the same period, from $60.6M to $150.8M. Total functional expenses rose by 79%, from $13.1M to $23.5M. In its most recent filing year (2023), Pathstone Corporation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $35.3M in liabilities against $150.8M in assets (debt-to-asset ratio: 23.4%), resulting in net assets of $115.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.0M | $23.5M | $150.8M | $35.3M | — | View 990 |
| 2022 | $20.1M | $20.6M | $87.7M | $37.4M | — | — |
| 2021 | $21.3M | $20.8M | $88.6M | $38.2M | — | View 990 |
| 2020 | $27.3M | $30.7M | $87.8M | $37.6M | — | — |
| 2019 | $25.0M | $25.3M | $92.0M | $38.4M | — | View 990 |
| 2018 | $25.0M | $24.0M | $94.4M | $40.1M | — | View 990 |
| 2016 | $12.9M | $12.6M | $86.4M | $33.9M | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | View 990 |
| 2014 | $19.3M | $13.0M | $73.0M | $27.7M | — | View 990 |
| 2013 | $11.6M | $10.2M | $65.2M | $21.9M | — | View 990 |
| 2012 | $10.0M | $9.8M | $61.1M | $18.6M | — | View 990 |
| 2011 | $16.1M | $13.1M | $60.6M | $17.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.0M, expenses of $23.5M, and assets of $150.8M (revenue +9.4% year-over-year).
- 2022: Revenue of $20.1M, expenses of $20.6M, and assets of $87.7M (revenue -5.9% year-over-year).
- 2021: Revenue of $21.3M, expenses of $20.8M, and assets of $88.6M (revenue -21.9% year-over-year).
- 2020: Revenue of $27.3M, expenses of $30.7M, and assets of $87.8M (revenue +9.3% year-over-year).
- 2019: Revenue of $25.0M, expenses of $25.3M, and assets of $92.0M (revenue +0.0% year-over-year).
- 2018: Revenue of $25.0M, expenses of $24.0M, and assets of $94.4M (revenue +93.2% year-over-year).
- 2016: Revenue of $12.9M, expenses of $12.6M, and assets of $86.4M.
- 2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $19.3M, expenses of $13.0M, and assets of $73.0M (revenue +65.8% year-over-year).
- 2013: Revenue of $11.6M, expenses of $10.2M, and assets of $65.2M (revenue +16.4% year-over-year).
- 2012: Revenue of $10.0M, expenses of $9.8M, and assets of $61.1M (revenue -38.0% year-over-year).
- 2011: Revenue of $16.1M, expenses of $13.1M, and assets of $60.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pathstone Corporation:
Data Sources and Methodology
This transparency report for Pathstone Corporation 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.