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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 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.

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, and how we used it, in 2018:

Pie chart showing PATH's 2018 sources of revenue
Pie chart showing PATH's 2018 use of funds
Pie chart showing PATH's 2018 expense allocations

A deeper dive

Want to know more about our finances? See our most recent documents below or view all available financial documents.

Letter of 501(c)3 tax-exempt status (33 KB PDF)

US state government disclosure statements


Annual reports

2018 annual report (2 MB PDF)

2017 annual report (575 KB PDF)

2016 annual report (356 KB PDF)


Consolidated financial statements and functional expenses

Consolidated financial statements for 2018 (267 KB PDF)

Consolidated financial statements for 2017 (216 KB PDF)

Consolidated financial statements for 2016 (209 KB PDF)


Reports on our use of flexible funding

Report on our use of flexible funding in 2014 (314 KB PDF)

Report on our use of flexible funding in 2013 (314 KB PDF)

Report on our use of flexible funding in 2012 (454 KB PDF)


PATH informational returns: IRS Form 990

IRS Form 990 informational return for 2018 (662 KB PDF)

IRS Form 990 informational return for 2017 (782 KB PDF)

IRS Form 990 informational return for 2016 (675 KB 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)


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)


View all available financial documents.


You may also email us at info@path.org for more information.