A commitment to effective and transparent use of your gifts
PATH’s pledge to donors says that we’ll use your gift in the most effective way possible. We carefully maintain accounting and auditing systems to make sure we’re keeping that promise—and industry watchdogs agree.
Charity Navigator’s top ranking: four stars
Charity Navigator, America’s largest independent evaluator of nonprofits, has awarded PATH its highest possible rating for sound fiscal management—a designation we’ve received for nine years in a row! Only 1 percent of rated charities can say the same.
Four stars from Charity Navigator
Charity Navigator has long given PATH high marks for financial stewardship. In 2007 and 2008, they named us “one of the ten best charities everyone’s heard of”—charities that “became household names in part because of their exceptional financial management, no easy feat considering the scope of their operations. Charitable givers should feel confident that these national institutions put their donations to good use.”
One of Forbes magazine’s most efficient charities
PATH was named one of the United States’ most efficient charities in 2009 by Forbes magazine as part of the publication’s annual list of the 200 largest US nonprofits. PATH tops the list as one of the 22 most efficient charities, with a 99 percent rating.
Every year, Forbes compiles a list of the largest American charities in terms of private donations, highlighting the top 200 among nearly 1.4 million nonprofits in the United States. The list includes financial efficiency evaluations and trends based on calculations of three financial efficiency ratios: charitable commitment, fundraising efficiency, and donor dependency.
PATH has remained on Forbes’ top 200 list since 2005, earning high marks for keeping operating costs low and channeling supporters’ investments into the real work of improving global health.
High standards for use of donor funds
These achievements underscore PATH’s efforts to uphold the highest standards for financial stewardship and management. We start with a detailed budget developed 12 months in advance. Our finance committee monitors and measures actual expenses and income against the budget. Then, once a quarter, we run reports on every single project to monitor exactly how funds are being used.
Every year, our board of directors sets an overhead ceiling in line with industry standards and requires our administration to manage to one percentage point below that ceiling. As a result, more than 85 percent of our expenses are directed to our global health programs.
These measures and others have led the US government to consider PATH a leader in financial management. For more than 25 years, PATH’s audits have received an “unqualified opinion” from independent public accountants. Such an opinion means that our financial statements are correct and that the accounting controls in place ensure all funds are accounted for properly.
Your opinion counts most of all
At the end of the day, the vote that matters most to us is yours. If we're one of your trusted charities, please spread the word by adding your review to our profile on Charity Navigator.