Pathstone Corporation
Pathstone Corporation shows significant asset growth and fluctuating revenues with no reported officer compensation.
EIN: 161265765 · Rochester, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| Net Assets | $26.7M |
| Transparency Score | 75/100 |
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 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pathstone Corporation
Pathstone Corporation (EIN: 161265765) is a nonprofit organization based in Rochester, NY, classified under NTEE code L200. The organization reported total revenue of $1.8M and total assets of $31.7M 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 mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $31.2M |
| Total Liabilities | $4.5M |
| Net Assets | $26.7M |
| Operating Margin | 39.4% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 211.2 months |
Financial Health Grade: A
In 2023, Pathstone Corporation reported a surplus of $1.2M with revenue exceeding expenses, holds 211.2 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pathstone Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.3% | +18.4% | +1.9% |
| 2022 | +382.5% | -5.5% | +30.3% |
| 2021 | -35.1% | -30.8% | +2.6% |
| 2020 | -32.6% | +0.7% | +4.2% |
| 2019 | +377.5% | +30.2% | +8.4% |
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 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pathstone Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Pathstone Corporation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base. This suggests that executive salaries may be paid by a related entity or reported under different expense categories, making it difficult to assess the true cost of leadership and its proportionality to the organization's scale.
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:
- Consistent 0% officer compensation, which may obscure true leadership costs.
- Significant year-to-year revenue volatility, potentially indicating reliance on less predictable funding sources.
Strengths
The following positive indicators were identified for Pathstone Corporation:
- Strong asset growth over the past decade, from $14.5M to over $31M.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
- Expenses generally well below revenue, contributing to asset accumulation.
Frequently Asked Questions about Pathstone Corporation
Is Pathstone Corporation a legitimate charity?
Pathstone Corporation (EIN: 161265765) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Pathstone Corporation spend its money?
Pathstone Corporation directs 80% 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: 161265765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pathstone Corporation's spending goes to programs?
Pathstone Corporation directs 80% 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 75/100 (Good), Pathstone Corporation is above average for NTEE category L200 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 161265765. It is classified under NTEE code L200.
How many years of IRS 990 filings does Pathstone Corporation have?
Pathstone Corporation has 13 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 $1.8M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings for Pathstone Corporation is highly unusual for an organization with assets exceeding $30 million. This could indicate that executive compensation is paid by a parent organization, reported under different expense lines, or that the organization relies heavily on volunteer leadership, though the latter is less likely for an entity of this scale. Further investigation into their organizational structure and expense reporting would be necessary to understand this.
What accounts for the significant year-to-year fluctuations in revenue?
Pathstone Corporation's revenue has varied significantly, from $762,406 in 2014 to $7,977,639 in 2022. This volatility suggests that a substantial portion of their funding may come from grants, specific project funding, or government contracts rather than consistent, recurring donations. Analyzing the sources of revenue in their full 990 forms would clarify this.
How does Pathstone Corporation manage its liabilities relative to its assets?
Pathstone Corporation's assets have grown substantially, reaching over $31 million in 2023, while liabilities have remained relatively stable, typically between $3.6 million and $4.7 million. This indicates a healthy financial position with a strong asset-to-liability ratio, suggesting good financial management and solvency.
Filing History
IRS 990 filing history for Pathstone Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pathstone Corporation's revenue has grown by 249.2%, moving from $838K to $2.9M. Total assets increased by 191.9% over the same period, from $10.7M to $31.2M. Total functional expenses rose by 219.3%, from $555K to $1.8M. In its most recent filing year (2023), Pathstone Corporation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $31.2M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $26.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $1.8M | $31.2M | $4.5M | — | — |
| 2022 | $8.0M | $1.5M | $30.6M | $4.8M | — | — |
| 2021 | $1.7M | $1.6M | $23.5M | $4.6M | — | View 990 |
| 2020 | $2.5M | $2.3M | $22.9M | $4.4M | — | — |
| 2019 | $3.8M | $2.3M | $22.0M | $4.7M | — | View 990 |
| 2018 | $792K | $1.7M | $20.3M | $4.7M | — | View 990 |
| 2017 | $2.9M | $1.5M | $20.3M | $4.4M | — | View 990 |
| 2016 | $1.9M | $789K | $16.4M | $3.6M | — | View 990 |
| 2015 | $4.1M | $2.2M | $15.7M | $3.8M | — | View 990 |
| 2014 | $762K | $655K | $14.6M | $4.5M | — | View 990 |
| 2013 | $697K | $637K | $11.9M | $2.0M | — | View 990 |
| 2012 | $1.4M | $734K | $11.7M | $1.9M | — | View 990 |
| 2011 | $838K | $555K | $10.7M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $1.8M, and assets of $31.2M (revenue -63.3% year-over-year).
- 2022: Revenue of $8.0M, expenses of $1.5M, and assets of $30.6M (revenue +382.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $23.5M (revenue -35.1% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $22.9M (revenue -32.6% year-over-year).
- 2019: Revenue of $3.8M, expenses of $2.3M, and assets of $22.0M (revenue +377.5% year-over-year).
- 2018: Revenue of $792K, expenses of $1.7M, and assets of $20.3M (revenue -73.0% year-over-year).
- 2017: Revenue of $2.9M, expenses of $1.5M, and assets of $20.3M (revenue +51.6% year-over-year).
- 2016: Revenue of $1.9M, expenses of $789K, and assets of $16.4M (revenue -53.1% year-over-year).
- 2015: Revenue of $4.1M, expenses of $2.2M, and assets of $15.7M (revenue +442.3% year-over-year).
- 2014: Revenue of $762K, expenses of $655K, and assets of $14.6M (revenue +9.4% year-over-year).
- 2013: Revenue of $697K, expenses of $637K, and assets of $11.9M (revenue -51.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $734K, and assets of $11.7M (revenue +71.0% year-over-year).
- 2011: Revenue of $838K, expenses of $555K, and assets of $10.7M.
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.