Pace School

Analysis

Pace School is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pace School reported income of $9.9m and spending of $10.1m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.1m to $9.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pace School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Georgia Gwinnett College Foundationinc ($9.9m), I3 Academy ($9.9m) and Kairos Academies ($9.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $704k (6.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $7.6m against liabilities of $1.6m, net assets of $6.0m. It reported 97 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.