2008 financial summary

2008 financial summary (audited)

Revenues (in thousands)
Foundations	$113,211
US Government	40,321
Other governments, nongovernmental
organizations (NGOs), multilaterals	21,547
Individuals/other	11,135
Investments	1,161
Total revenue	$187,375

Expenses (in thousands)
Program services
Programs:
Emerging and epidemic diseases	$22,351
Health technologies	10,095
Maternal and child health and nutrition	7,928
Reproductive health	16,081
Vaccines and immunization	27,305
Cross-program	125
Subtotal programs	83,885
Program subawards	79,771
Subtotal program services	163,656
Support services
Management and general	21,744
Bid and proposal	2,474
Fundraising	1,311
Subtotal support services	25,529
Total expenses	$189,185

Assets and liabilities

Assets (in thousands)
Grants receivable	$453,235
Invested grant funds	251,542
Cash and cash equivalents	72,367
Other	9,010
Total assets	$786,154

Net assets and liabilities (in thousands)
Net assets
Grant funds temporarily restricted	$753,225
Unrestricted assets	13,382
Permanently restricted assets	3,363
Total net assets	769,970
Current liabilities	16,184
Total net assets and liabilities	$786,154

Figures are presented in US dollars.

Notes: The above financial summary is an excerpt from PATH’s audited financial statements, which are audited by the firm Clark Nuber. Full copies are available on our website at www.path.org.

PATH is an international, nonprofit, nongovernmental organization. Our mission is to improve the health of people around the world by advancing technologies, strengthening systems, and encouraging healthy behaviors. Contributions to PATH are tax-exempt under US IRS code 501(c)(3).

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Sources of revenue

Pie chart showing sources of revenue: foundations and corporations, 60.5%; US Government, 21.5%; other governments/NGOs/multilaterals, 11.5%; individuals/other, 5.9%; investments, 0.6%

Expense allocation

Pie chart showing expense allocation: program services, 86.5%; management and general, 11.3%; bid and proposal, 1.3%; fundraising, 0.9%

Use of funds

Pie chart showing use of funds: vaccines and immunization, 32.7%; emerging and epidemic diseases, 26.6%; reproductive health, 19.2%; health technologies, 12.0%; maternal and child health, 9.5%