Pacem

Analysis

Pacem is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacem reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $559k to $1.5m (+174%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacem sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Neighborhood Concepts Inc ($1.5m), Catholic Charities Housing Association of Jacksonville Inc ($1.5m) and Higgins Plaza Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (8.3% of expenses). Other salaries and wages came to $696k. At year end it held assets of $945k against liabilities of $7,928, net assets of $937k. It reported 39 employees.