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Indiana · Nonprofit

THE PATH SCHOOL INC

THE PATH SCHOOL INC (Indiana) receives grants from 4 organizations whose IRS filings report $1,661,272 to it, the largest being THE MIND TRUST INC ($651,892). 4 of them have funded it in more than one year.

Revenue FY2025
$12M
Funders on record
4
Grants received
$1.7M
Net assets
$5.7M
4/4 repeat funderspeak grant-dependency 3%
01What it does

What The Path School Inc does

Mission

To provide a purpose-driven, culturally responsive learning environment that challenges scholars academically while supporting their social and emotional growth in order to develop conscientious citizens who transform their communities.

As stated on its FY2025 Form 990.

Programs

  1. The entire 7th and 8th grade classes visited at least 1 college campus (100%).

    $7,672,162 spent$13,316 earned by the program
    100% of program spending
  2. The Path School Increased iread scores from 51.9 to 56.1.

  3. 100% of our 8th graders enrolled in 21st century scholars.

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,672,162.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($5.3M) Expenses 100 ($5.3M) Net assets 100 ($314k)2022 Revenue 155 ($8.2M) Expenses 123 ($6.5M) Net assets 639 ($2.0M)2023 Revenue 180 ($9.5M) Expenses 152 ($8.0M) Net assets 1115 ($3.5M)2024 Revenue 197 ($10M) Expenses 171 ($9.0M) Net assets 1560 ($4.9M)2025 Revenue 221 ($12M) Expenses 207 ($11M) Net assets 1812 ($5.7M)
20212022202320242025
Revenue (221)Expenses (207)Net assets (1812)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $3.8M to $5.7M (+53%).

$923k
$2.3M
$3.8M
$5.7M
$6.0M
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 99% · 2022 97% · 2023 94% · 2024 94% · 2025 96%. Grants only. Government contracts and fees sit inside program revenue.

100% of THE PATH SCHOOL INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$26k
’21
$1.7M
’22
$1.5M
’23
$1.4M
’24
$793k
’25
5.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Alicia Hervey

Executive director

Board chair

Nicole Woodson

Chair

As listed on its FY2025 Form 990.

20212022202320242025
Listed51181110
Joined·+7+3+5+0
No longer listed·1621
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $442k → $288k.

Funder
'20
'22
'23
'24*
'25*
total
The Mind Trust Incunclassified
$652k
funders
1
1
2
4
3

From the IRS filings of THE PATH SCHOOL INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE PATH SCHOOL INC leans on a few funders — its largest provides 39% of grant income and the top three 97%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

79% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE PATH SCHOOL INC.

39%
largest funder
97%
top three
~3
effective funders

Largest funder’s share by year: 2020 100% · 2022 100% · 2023 93% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of THE PATH SCHOOL INC's grant income comes from Indiana funders.

IN

In-state vs out-of-state, by year

’20
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE PATH SCHOOL INC has grown faster than three-quarters of the 3,758 education nonprofits its size.

Operating margin7% · above the median
Months of reserve5.3mo · above the median
Revenue growth (annualized)22% · top quartile

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Government funding THE PATH SCHOOL INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $25 on record.

State$25
Top programs
  • REFUNDS - GENERAL $25

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THE PATH SCHOOL INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 30%Fundraising 0%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for THE PATH SCHOOL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE PATH SCHOOL INC?
THE PATH SCHOOL INC (Indiana) receives grants from 4 organizations whose IRS filings report $1,661,272 to it, the largest being THE MIND TRUST INC ($651,892). 4 of them have funded it in more than one year.
How many funders does THE PATH SCHOOL INC have?
IRS filings report 4 organizations giving $1,661,272 in grants to THE PATH SCHOOL INC, 4 of which have funded it in more than one year.
Who is the largest funder of THE PATH SCHOOL INC?
THE MIND TRUST INC is the largest funder on record, with $651,892 in grants. The full list of funders is on this page.
How can an organization like THE PATH SCHOOL INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Path School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing