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 2023:
PATH 2023 sources of revenue chart
PATH 2023 use of funds chart
PATH 2023 expense allocation chart
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
2023 annual report - English (5.9 MB PDF)
2022 annual report - English (3.9 MB PDF)
2021 annual report - English (3.2 MB PDF)
2021 annual report - French (2.7 MB PDF)
2020 annual report (6,600 KB PDF)
Consolidated financial statements and functional expenses
Consolidated financial statements for 2023 (467 KB PDF)
Consolidated financial statements for 2022 (663 KB PDF)
Consolidated financial statements for 2021 (1.1MB PDF)
Consolidated financial statements for 2020 (1MB PDF)
Consolidated financial statements for 2019 (907KB PDF)
PATH informational returns: IRS Form 990
IRS Form 990 informational return for 2022 (892 KB PDF)
IRS Form 990 informational return for 2021 (995.8 KB PDF)
IRS Form 990 informational return for 2020 (858 KB PDF)
IRS Form 990 informational return for 2019 (884 KB PDF)
IRS Form 990 informational return for 2018 (662 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.