Paces Inc

Analysis

Paces Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Paces Inc reported income of $14.5m and spending of $12.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $14.5m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paces Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Princeton Healthcare System Foundation Inc ($14.5m), Mills-Peninsula Hospital Foundation ($14.5m) and Community LTC Inc ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $150k (1.2% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $3.7m against liabilities of $963k, net assets of $2.7m. It reported 157 employees.