Pathway Ministries Inc
Pathway Ministries Inc. shows asset growth and no officer compensation despite fluctuating revenues and occasional operational deficits.
EIN: 204419961 · Birmingham, AL · NTEE: X200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $223K |
| Total Expenses | $188K |
| Program Spending | 75% |
| Net Assets | $243K |
| Transparency Score | 85/100 |
Is Pathway Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pathway Ministries Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pathway Ministries Inc
Pathway Ministries Inc (EIN: 204419961) is a nonprofit organization based in Birmingham, AL, classified under NTEE code X200. The organization reported total revenue of $223K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pathway Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pathway Ministries Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $188K |
| Surplus / Deficit | $-27,467 |
| Total Assets | $243K |
| Net Assets | $243K |
| Operating Margin | -17.2% |
| Months of Reserves | 15.6 months |
Financial Health Grade: B
In 2023, Pathway Ministries Inc reported a deficit of $27K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Pathway Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.3% | -25.4% | +78.4% |
| 2022 | +476.4% | +319.9% | +1263.8% |
| 2019 | +263.2% | +329.8% | -41.8% |
| 2018 | -44.3% | -73.0% | +3.5% |
| 2017 | -73.0% | -12.2% | -60.7% |
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 Pathway Ministries Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Pathway Ministries Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $27K, with expenses exceeding revenue.
Executive Compensation Analysis
Pathway Ministries Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is used for executive salaries, which is highly favorable for donor trust and resource allocation.
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 Pathway Ministries Inc's IRS 990 filings:
- Fluctuating annual revenues, making long-term financial planning potentially challenging (e.g., $303,568 in 2022 down to $160,058 in 2023).
- Operational deficits in some years (e.g., $187,525 expenses vs. $160,058 revenue in 2023), requiring reliance on prior reserves or future funding.
Strengths
The following positive indicators were identified for Pathway Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Zero reported liabilities across all available filings, demonstrating strong financial health and low debt burden.
- Significant growth in assets over time, from negative balances to $243,351 in 2023, indicating effective asset management.
- Consistent IRS 990 filing history, contributing to transparency and accountability.
Frequently Asked Questions about Pathway Ministries Inc
Is Pathway Ministries Inc a legitimate charity?
Pathway Ministries Inc (EIN: 204419961) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $223K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Pathway Ministries Inc spend its money?
Pathway Ministries Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Pathway Ministries Inc tax-deductible?
Pathway Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204419961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pathway Ministries Inc's spending goes to programs?
Pathway Ministries Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pathway Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pathway Ministries Inc is above average for NTEE category X200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pathway Ministries Inc located?
Pathway Ministries Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 204419961. It is classified under NTEE code X200.
How many years of IRS 990 filings does Pathway Ministries Inc have?
Pathway Ministries Inc has 11 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 $223K in total revenue.
Is Pathway Ministries Inc. financially stable?
While Pathway Ministries Inc. has experienced fluctuating revenues and occasional operational deficits (e.g., $160,058 revenue vs. $187,525 expenses in 2023), its consistent reporting of zero liabilities and significant asset growth to $243,351 in 2023 suggests a strong underlying financial stability.
How does Pathway Ministries Inc. manage its executive compensation?
Pathway Ministries Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no funds are allocated to executive salaries, which is a positive sign for resource allocation directly to its mission.
Has Pathway Ministries Inc. grown over time?
Yes, Pathway Ministries Inc. has shown significant growth. Its assets have increased from negative balances in 2012 and 2013 to $243,351 in 2023, and its revenue has grown substantially from $3,515 in 2013 to $160,058 in 2023, with a peak of $303,568 in 2022.
Filing History
IRS 990 filing history for Pathway Ministries Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Pathway Ministries Inc's revenue has grown by 269.9%, moving from $43K to $160K. Total functional expenses rose by 244.1%, from $55K to $188K. In its most recent filing year (2023), Pathway Ministries Inc reported a deficit of $27K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $188K | $243K | $0 | — | View 990 |
| 2022 | $304K | $251K | $136K | $0 | — | View 990 |
| 2019 | $53K | $60K | $10K | $0 | — | View 990 |
| 2018 | $15K | $14K | $17K | $0 | — | View 990 |
| 2017 | $26K | $52K | $17K | $0 | — | View 990 |
| 2016 | $97K | $59K | $42K | $50 | — | View 990 |
| 2015 | $47K | $45K | $5K | $521 | — | View 990 |
| 2014 | $8K | $6K | $3K | $0 | — | View 990 |
| 2013 | $4K | $9K | $-22,432 | $0 | — | View 990 |
| 2012 | $25K | $27K | $-16,714 | $0 | — | View 990 |
| 2011 | $43K | $55K | $-15,192 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $188K, and assets of $243K (revenue -47.3% year-over-year).
- 2022: Revenue of $304K, expenses of $251K, and assets of $136K (revenue +476.4% year-over-year).
- 2019: Revenue of $53K, expenses of $60K, and assets of $10K (revenue +263.2% year-over-year).
- 2018: Revenue of $15K, expenses of $14K, and assets of $17K (revenue -44.3% year-over-year).
- 2017: Revenue of $26K, expenses of $52K, and assets of $17K (revenue -73.0% year-over-year).
- 2016: Revenue of $97K, expenses of $59K, and assets of $42K (revenue +106.0% year-over-year).
- 2015: Revenue of $47K, expenses of $45K, and assets of $5K (revenue +490.9% year-over-year).
- 2014: Revenue of $8K, expenses of $6K, and assets of $3K (revenue +125.5% year-over-year).
- 2013: Revenue of $4K, expenses of $9K, and assets of $-22,432 (revenue -86.0% year-over-year).
- 2012: Revenue of $25K, expenses of $27K, and assets of $-16,714 (revenue -42.0% year-over-year).
- 2011: Revenue of $43K, expenses of $55K, and assets of $-15,192.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pathway Ministries Inc:
Data Sources and Methodology
This transparency report for Pathway Ministries Inc 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.