Screenshot from our 2010 online annual report.

Our donors help us create sustainable health solutions for people around the world. Read more in our 2010 online annual report.

PATH maintains the highest standards for efficiency and transparency

The trust of our supporters is one of our most valuable resources—and a constant inspiration to use funds wisely and well.

For the eighth consecutive year, Charity Navigator (America’s largest independent evaluator of nonprofit organizations) has awarded us four stars for financial stewardship! And we remain on Forbes’ list of the top 200 charities, with high marks for keeping operating costs low and channeling supporters’ investments into the real work of improving global health.

The following financial summary is from our most recent (2010) annual independent audit.

Growth and focus

PATH is growing. We started in 1977 with a modest grant from the Ford Foundation. Since then, our revenue has increased from less than $20 million to more than $280 million.

This growth has occurred across all of PATH's areas of focus, from emerging and epidemic diseases (e.g., HIV, tuberculosis, and malaria) to new vaccines to innovative technologies for low-resource settings. The following chart shows our use of funds by focus area.

Pie chart showing PATH's 2010 use of funds: 36.6% vaccines and immunization, 28% emerging and epidemic diseases, 12.5% health technologies, 12.2% reproductive health, and 10.7% maternal and child health.

Diverse funding sources

In 2010, our total revenue was $283,277,000. Our funding comes from foundations; the US Government; other governments, other nonprofit organizations, and multilateral agencies such as the World Health Organization; individuals; and interest from investments.

Pie chart showing PATH's 2010 sources of revenue: 63.3% foundations; 23.7% US Government; 8.7% other governments, NGOs, and multilaterals; 2.7% individuals/others; 1.4% investments; 0.2% corporations.

Efficiency

More than 88 percent of our expenses go toward our programs to improve the health of people around the world; only 0.7 percent are for fundraising.

Pie chart showing PATH's 2010 expense allocations: 88.6% program services, 9.9% management and general, 0.8% bid and proposal, 0.7% fundraising.

More information

The following documents provide more detailed information about our finances.

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

Illustrations: PATH/Cornelius Brudi.