Finances

Your trust is a constant inspiration to use every dollar you invest in PATH wisely and well. We uphold the highest standards for financial transparency so you can see where our money comes from—and where it goes.

Our four-star record

For 13 years running, we’ve earned the top financial stewardship score from Charity Navigator, America’s largest independent evaluator of nonprofit organizations. We’re proud of our four-star rating and the record that supports it.

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Our diverse base of support

We started in 1977 with a modest grant from the Ford Foundation. Today, thousands of institutions and individuals invest in our work to make good health accessible to people everywhere.

This is where our funding came from in 2017:

2017 support

We raised nearly $350 million in 2017. Here's how we allocated it across PATH:

2017 allocation

Our promise

We will use your investment in the most effective way possible. For every dollar you invest, we spend more than 85 cents solving the world’s most challenging health problems and less than 2 cents on fundraising.

A deeper dive

Want to know more about our finances? Follow the links below.

Letter of 501(c)3 tax-exempt status (41 KB PDF)

US state government disclosure statements (167 KB PDF)


Consolidated financial statements and functional expenses

Consolidated financial statements for 2017 (216 KB PDF)

Consolidated financial statements for 2016 (209 KB PDF)

Consolidated financial statements for 2015 (232 KB PDF)

Consolidated financial statements for 2014 (219 KB PDF)

Addendum to financial statements for 2014: functional expenses (40 KB PDF)

Consolidated financial statements for 2013 (127 KB PDF)

Addendum to financial statements for 2013: functional expenses (26 KB PDF)

Consolidated financial statements for 2012 (129 KB PDF)

Addendum to financial statements for 2012: functional expenses (26 KB PDF)

Consolidated financial statements for 2011 (112 KB PDF)

Addendum to financial statements for 2011: functional expenses (14 KB PDF)

Consolidated financial statements for 2010 (114 KB PDF)

Addendum to financial statements for 2010: functional expenses (11 KB PDF)

Consolidated financial statements for 2009 (110 KB PDF)

Addendum to financial statements for 2009: functional expenses (12 KB PDF)

Consolidated financial statements for 2008 (105 KB PDF)

Addendum to financial statements for 2008: functional expenses (11 KB PDF)


Reports on our use of flexible funding

Report on our use of flexible funding in 2014

Report on our use of flexible funding in 2013

Report on our use of flexible funding in 2012

Report on our use of flexible funding in 2011

Report on our use of flexible funding in 2010

Report on our use of flexible funding in 2009


PATH informational returns: IRS Form 990

IRS Form 990 informational return for 2016 (675 KB PDF)

IRS Form 990 informational return for 2015 (692 KB PDF)

IRS Form 990 informational return for 2014 (666 KB PDF)

IRS Form 990 informational return for 2013 (646 KB PDF)

IRS Form 990 informational return for 2012 (1.1 MB PDF)

IRS Form 990 informational return for 2011 (640 KB PDF)

IRS Form 990 informational return for 2010 (462 KB PDF)

IRS Form 990 informational return for 2009 (5.4 MB PDF)

IRS Form 990 informational return for 2008 (2.3 MB PDF)

IRS Form 990 informational return for 2007 (532 KB PDF)

IRS Form 990 informational return for 2006 (245 KB PDF)

IRS Form 990 informational return for 2005 (318 KB PDF)

IRS Form 990 informational return for 2004 (2.9 MB PDF)


PATH Drug Solutions informational returns: IRS Form 990

IRS Form 990 informational return for PATH Drug Solutions, 2016 (527 KB PDF)

IRS Form 990 informational return for PATH Drug Solutions, 2015 (572 KB PDF)

IRS Form 990 informational return for PATH Drug Solutions, 2014 (528 KB PDF)

IRS Form 990 informational return for PATH Drug Solutions, 2013 (504 KB PDF)

IRS Form 990 informational return for PATH Drug Solutions, 2012 (558 KB PDF)


PATH Vaccine Solutions informational returns: IRS Form 990

IRS Form 990 informational return for PATH Vaccine Solutions, 2016 (550 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2015 (582 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2014 (573 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2013 (515 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2012 (573 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2011 (504 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2010 (369 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2009 (6.5 MB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2008 (1 MB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2007 (296 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2006 amended (284 KB PDF)

IRS Form 990 informational return for PATH Vaccine Solutions, 2006 (550 KB PDF)


You may also email us at info@path.org.