Purposeful Pathways
EIN: 822976128 · Grand Rapids, MI · NTEE: I72
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $247K |
| Net Assets | $29K |
Is Purposeful Pathways Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Purposeful Pathways
Purposeful Pathways (EIN: 822976128) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code I72. The organization reported total revenue of $295K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Purposeful Pathways's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Purposeful Pathways is a small nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $247K |
| Surplus / Deficit | $-9,187 |
| Total Assets | $37K |
| Total Liabilities | $8K |
| Net Assets | $29K |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 21.4% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2024, Purposeful Pathways reported a deficit of $9K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 21.4% (moderate leverage).
Financial Trends
Over 3 years of filings (2022–2024), Purposeful Pathways's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +35.1% | +42.4% | -4.4% |
| 2023 | -4.4% | +16.7% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Purposeful Pathways has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Purposeful Pathways with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.4%.
Frequently Asked Questions about Purposeful Pathways
Is Purposeful Pathways a legitimate charity?
Based on AI analysis of IRS 990 filings, Purposeful Pathways (EIN: 822976128) insufficient data. 0 red flags identified, 0 strengths noted.
How does Purposeful Pathways spend its money?
Detailed spending breakdown data is not yet available for Purposeful Pathways. Check back for updated IRS 990 analysis.
Are donations to Purposeful Pathways tax-deductible?
Purposeful Pathways is registered as a tax-exempt nonprofit (EIN: 822976128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Purposeful Pathways located?
Purposeful Pathways is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 822976128. It is classified under NTEE code I72.
How many years of IRS 990 filings does Purposeful Pathways have?
Purposeful Pathways has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $295K in total revenue.
Filing History
IRS 990 filing history for Purposeful Pathways showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Purposeful Pathways's revenue has grown by 29.1%, moving from $184K to $238K. Total assets increased by 3.3% over the same period, from $35K to $37K. Total functional expenses rose by 66.1%, from $149K to $247K. In its most recent filing year (2024), Purposeful Pathways reported a deficit of $9K, with expenses exceeding revenue. The organization holds $8K in liabilities against $37K in assets (debt-to-asset ratio: 21.4%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $238K | $247K | $37K | $8K | — | — |
| 2023 | $176K | $173K | $38K | $359 | — | View 990 |
| 2022 | $184K | $149K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $238K, expenses of $247K, and assets of $37K (revenue +35.1% year-over-year).
- 2023: Revenue of $176K, expenses of $173K, and assets of $38K (revenue -4.4% year-over-year).
- 2022: Revenue of $184K, expenses of $149K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Purposeful Pathways:
Data Sources and Methodology
This transparency report for Purposeful Pathways 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.