Pathways to Education
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Good
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About Pathways to Education:
Pathways to Education is a five-star charity. It has an A+ results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range and it has reserve funds to cover its annual program costs for seven months.
Founded in 2001, Pathways to Education (Pathways) works in communities across Canada to reduce high school dropout rates in low-income areas. Its Pathways to Education Program aims to remove barriers to graduation. The Pathways program combines academic, financial, social, and one-on-one support. It offers tutoring, adult role models, and mentoring. The charity also provides financial support through lunch vouchers, transit passes, and scholarships.
Pathways to Education also helps its alumni pursue post-secondary education or training and employment opportunities. Pathways to Education conducted an alumni impact survey in March 2023. The survey found that 85% of respondents attending school were attending full-time, and 72% of working respondents were holding a permanent job. Of these respondents, 22% worked in business, finance, and administration; 21% worked in education, law, social community, and government; and 17% worked in sales and services.
In the 2022-2023 school year, there were 31 Pathways program locations across Canada. 7,982 students were enrolled in the Pathways program. In the fiscal year ending March 2024 (F2024), Pathways launched the first version of a new data management platform at 11 program locations. The new platform aims to streamline program delivery. National roll-out is planned for F2026.
In F2024, Pathways to Education spent $23.9m (75% of program spending) on Pathways program delivery; $3.5m (11% of program spending) on program growth, expansion, and innovation; $3.0m (9% of program spending) on program development, research, and evaluation; and $1.7m (5% of program spending) on student scholarships and post-secondary support.
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Results and Impact
In the 2022-2023 school year, the average graduation rate in the communities that Pathways served was 79%. 63% of Pathways graduates transitioned to post-secondary education or training in the 2022-23 school year.
Pathways to Education reports that its program delivers a social return of $24 on every dollar invested (an SROI of 24:1).
In 2019, the National Bureau of Economic Research released a study on the long-term benefits of the Pathways program. The study found that the annual income of Pathways graduates increased by 19% compared to their peers and the employment rate of graduates increased by 14% compared to their peers. Graduates also experienced a reduced reliance on social assistance by more than a third.
While Ci highlights these key results, they may not be a complete representation of Pathways to Education’s results and impact.
Charity Intelligence has rated Pathways to Education as Good impact based on demonstrated social impact per dollar spent.
Impact Rating: Good
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Finances
In F2024, Pathways to Education received $18.7m in donations. It also received $21.5m in government funding (73% of total revenue). Administrative costs are 11% of total revenue (excluding investment income) and fundraising costs are 16% of donations. Overhead spending is 27%, which is within Ci’s reasonable range. For every dollar donated, 73 cents are available for the cause. In F2024, Pathways to Education spent $32.0m on its programs (92% of total revenue).
In F2024, Pathways to Education had a deficit of $3.9m and reported no spending on capital expenditures.
At the end of F2024, Pathways to Education had $18.9m in reserve funds (cash and investments). This is enough to cover 59% or around seven months of its annual program costs.
This charity profile is an update that has been sent to Pathways to Education for review. Changes and edits may be forthcoming.
Updated on August 19th, 2024 by Thea Clark.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 11.1% | 10.7% | 5.1% |
| Fundraising costs as % of donations | 16.3% | 22.5% | 25.7% |
| Total overhead spending | 27.4% | 33.2% | 30.8% |
| Program cost coverage (%) | 59.0% | 72.7% | 106.0% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 18,694 | 14,685 | 11,534 |
| Government funding | 21,518 | 22,732 | 23,360 |
| Investment income | 892 | 844 | 135 |
| Other income | (6,152) | (6,933) | 2,904 |
| Total revenues | 34,952 | 31,329 | 37,934 |
| Program costs | 31,994 | 31,663 | 28,803 |
| Administrative costs | 3,790 | 3,250 | 1,944 |
| Fundraising costs | 3,049 | 3,303 | 2,964 |
| Total spending | 38,833 | 38,216 | 33,711 |
| Cash flow from operations | (3,882) | (6,887) | 4,223 |
| Capital spending | 0 | 0 | 9 |
| Funding reserves | 18,872 | 23,021 | 30,536 |
Note: AMORTIZATION: Ci backed out amortization from administrative costs, decreasing administrative costs by $46k in F2023, $129k in F2022, and $118k in F2021. ADMINISTRATIVE AND FUNDRAISING COSTS: The charity does not report administrative and fundraising costs in its audited financial statements. For F2024, Ci used the charity’s annual report to determine administrative and fundraising costs and removed these amounts from program costs. In F2023 and F2022, Ci used the charity’s T3010 filing with the CRA to allocate administrative and fundraising costs. The charity’s T3010 filing for F2024 is not yet available at the time of this update. CHANGE IN ACCOUNTS RECEIVABLE: Ci adjusted for change in accounts receivable, affecting total revenue by $829k in F2024, ($1.7m) in F2023, and $534k in F2022. DEFERRED REVENUE: Ci adjusted for deferred revenue in other revenue. This affected total revenue by ($7.0m) in F2024, ($5.2m) in F2023, and $2.4m in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
2 |
$200k - $250k |
0 |
$160k - $200k |
4 |
$120k - $160k |
3 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Pathways to Education added the following comment to a previous profile update.
Pathways to Education is a national, charitable organization breaking the cycle of poverty through education. Its award-winning program is creating positive social change by supporting youth living in low-income communities to overcome barriers to education, graduate from high school, and transition to post-secondary education, training, or employment.
Pathways is proud to be evaluated by Charity Intelligence, which helps donors to make informed giving decisions that make the greatest impact. We remain committed to stewarding the financial resources entrusted to us, providing transparent, evidence-driven results, and expanding opportunities to serve more youth and help them build the foundation for a brighter future.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-646-0123