Path

Seattle, Washington

B-Health Score
46B-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Average

How This Organization Compares

Compared to 59 peers in International, Foreign Affairs & National Security with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.16×
Peer Median0.42×
💰
$334.1M
Total Revenue
📊
$338.6M
Total Expenses
🏦
$53.6M
Net Assets
📋
$292.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-5.3%
Year-over-year change (2022 → 2023)
Net Margin
-1.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.16
Net assets divided by total expenses
Liabilities-to-Assets
84.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$334,114,678↓5%$338,574,253↓2%$346,497,870↑3%
2022$352,817,539↑3%$346,633,517↑3%$335,091,155↑9%
2021$343,117,586↑14%$335,344,629↑14%$307,073,332↑8%
2020$300,986,746↑2%$293,059,483$283,556,203↑17%
2019$294,370,881↓5%$292,308,839↓7%$243,064,155↑2%
2018$309,334,411↓13%$312,766,469↓5%$237,501,233↓49%
2017$355,280,302↑17%$329,632,535↑8%$467,947,698↑4%
2016$304,756,338↑23%$306,020,170↑16%$450,940,286↓2%
2015$247,947,028↓14%$263,580,932↓5%$458,736,625↓7%
2014$289,280,944↑9%$276,623,848↓3%$495,616,246↑2%
2013$265,144,574↑52%$285,701,943↑4%$485,822,280↓4%
2012$174,981,195↓28%$274,346,606↑7%$507,730,565↓17%
2011$244,437,030$256,966,329$612,675,555

Frequently Asked Questions

What does Path do?▼

Path is a international, foreign affairs & national security nonprofit organization based in Washington. It is classified under NTEE code Q300 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Path financially healthy?▼

Based on our 9-metric Financial Health Score model, Path has a score of 46/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Path generate?▼

Path reports $353.5M in annual revenue and holds $416.1M in total assets, based on IRS filings.

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