Pace Community Housing Corporation

Analysis

Pace Community Housing Corporation is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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, Pace Community Housing Corporation reported income of $169k and spending of $248k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $43k to $169k (+292%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 986%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pace Community Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Greater Columbus Rowing Association Inc ($169k), Delaware Company of New York ($169k) and Grand National Curling Club of America Inc ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $2.6m against liabilities of $694k, net assets of $1.9m.