Pace at Home Inc

Analysis

Pace at Home Inc is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pace at Home Inc reported income of $19.0m and spending of $16.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.8m to $19.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pace at Home Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Victor Treatment Centers Inc ($19.0m), Daughters of Israel Inc ($19.0m) and Mission Health Services ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $127k (0.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.7m against liabilities of $3.5m, net assets of $3.3m. It reported 108 employees.