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$334,114,6785%$338,574,2532%$346,497,8703%
2022$352,817,5393%$346,633,5173%$335,091,1559%
2021$343,117,58614%$335,344,62914%$307,073,3328%
2020$300,986,7462%$293,059,483$283,556,20317%
2019$294,370,8815%$292,308,8397%$243,064,1552%
2018$309,334,41113%$312,766,4695%$237,501,23349%
2017$355,280,30217%$329,632,5358%$467,947,6984%
2016$304,756,33823%$306,020,17016%$450,940,2862%
2015$247,947,02814%$263,580,9325%$458,736,6257%
2014$289,280,9449%$276,623,8483%$495,616,2462%
2013$265,144,57452%$285,701,9434%$485,822,2804%
2012$174,981,19528%$274,346,6067%$507,730,56517%
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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