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ABOUT US:
Financial Information
 Pathfinder International has a long tradition of smart and effective financial stewardship. During the last fiscal year, eighty-nine cents of every dollar went directly to services in some of the world's poorest countries. Because we work through local organizations, our programs benefit from the low cost structure in those nations, meaning every dollar stretches further. At the same time, our investments are helping to build sustainable local institutions and contributing to the local economy.
These are just a few reasons Pathfinder consistently receives an "A+" grade and is a top-rated charity that meets all the standards set by the American Institute of Philanthropy.
For questions about financial information please contact Pathfinder directly at fundraising@pathfind.org.
Condensed Financial Information for the year ended June 30, 2009
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OPERATING SUPPORT AND REVENUE:
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Contributions
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$2,675,779
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Contributions in-kind
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4,802,918
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Grants and contracts
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92,550,158
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Other investment income |
356,860
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Total operating support and revenue
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$ 100,385,715
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OPERATING EXPENSES AND CHANGES IN NET ASSETS:
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Program services
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$89,414,959
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Management and general
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9,512,895
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Fundraising |
1,728,930
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Total operating expenses |
$100,656,784
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Surplus (deficit) of operating support and
revenue over operating expenses |
(271,069)
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Non-operating activity
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(1,399,259)
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Increase (decrease) in net assets |
(1,670,328)
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Net assets, beginning of year
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36,924,024
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Net assets, end of year
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$35,253,696
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In Fiscal Year 2009, Pathfinder International’s revenue increased by 12% from FY 2008 to $100.4 million, while operating expenses grew by 16% to $100.7 million. This growth was primarily due to an increase in grants and contracts activity. Pathfinder's total net assets declined by $1.7 million. Non-operating investment losses of $1.4 million, caused by the effects of global financial markets, significantly contributed to this decline. The remaining deficit of $271,000 from operations was principally attributed to planned spending against pledge revenue reported in prior years. After a year of global economic challenges, our total net assets of $35.2 million positions Pathfinder for future growth and sustainability.
The information presented here is drawn from our financial statements, audited by McGladrey & Pullen, LLP, and are available upon request to our headquarters office.
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