PATH
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
PATH does not meet the following 4 Standards for Charity Accountability:
Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
PATH does not meet this Standard because its board of directors does not:
- Review the performance of the Chief Executive Officer at least once every two years.
Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
PATH does not meet this Standard because, when the organization provided 2024 budget information, it indicated that the budget:
- Did not identify total projected fundraising expenses.
- Did not identify total projected administrative expenses.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
PATH does not meet this Standard because the 2023 annual report:
- Included the costs associated with "bid and proposal" as a program expense. GAAP considers costs associated with "bids and proposals" as fundraising expenses, so BBB Wise Giving Alliance would expect to see the cost included in fundraising expenses or as its own separate line item.
Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.
PATH does not meet this Standard because the privacy policy on its website, https://path.org/, does not indicate:
- What specific security measures are in place to protect personal information that is collected.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 7, 13
PATH meets the remaining 14 Standards for Charity Accountability.
Stated Purpose:
"to advance health equity through innovation and partnerships."
Year, State Incorporated:
1981, WA
PATH reports that it works to accelerate health equity and access to healthcare for people and communities worldwide. The organization advises and partners with public institutions, businesses, grassroots groups, and investors to find solutions to the world's health challenges. PATH's solution areas include advocacy and policy; development of easy to use and affordable devices and diagnostic tools; invention and advancement of affordable and effective medicines, and partnering with countries to assess and design appropriate demand and supply markets for affordable health products and services.
For the year ended December 31, 2023, PATH's program expenses were:
Program innovation: $134,565,000
Essential medicines: $86,868,000
Africa: $47,224,000
AMEE: $41,681,000
Other expenses: $5,216,000
Total Program Expenses: $315,554,000
Chief Executive
Nikolaj Gilbert, President and Chief Executive Officer
Compensation*
$703,405
Chair of the Board
Beth Galetti
Chair's Profession / Business Affiliation
Senior Vice President of People, Experience, and Technology, Amazon
Board Size
15
Paid Staff Size
1718
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Telemarketing
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $341,272,000, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on PATH's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Private foundation grants | $161,651,000 |
| U.S. government grants | $114,966,000 |
| Other government grants | $21,134,000 |
| Other awards and in-kind contributions | $41,092,000 |
| Contributions | $2,429,000 |
| Income and funding from invested funds | $10,089,000 |
| Other income | $1,352,000 |
| Total Income | $352,713,000 |
Programs: 90% Fundraising: 1% Administrative: 9%
| Total Income | $352,713,000 |
| Total expenses: | $351,796,000 |
| Program expenses | $315,554,000 |
| Fundraising expenses | $4,650,000 |
| Administrative expenses | $31,592,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $917,000 |
| Beginning Net Assets | $52,475,000 |
| Other Changes In Net Assets | $205,000 |
| Ending Net Assets | $53,597,000 |
| Total Liabilities | $301,561,000 |
| Total Assets | $355,158,000 |
Note: As noted in the financial section above, "other changes in net assets" refers to gain on foreign currency exchange.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance