Pace Iowa

Analysis

Pace Iowa is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pace Iowa reported income of $46.4m and spending of $45.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.1m to $46.4m (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pace Iowa sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Monmouth Medical Center Foundation Inc ($46.4m), Union Community Care ($46.5m) and Crisp Shared Services Inc ($46.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $12.6m. At year end it held assets of $12.9m against liabilities of $7.1m, net assets of $5.9m.