Pace of the Southern Piedmont Inc

Analysis

Pace of the Southern Piedmont Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Pace of the Southern Piedmont Inc reported income of $17.7m and spending of $15.3m, spending 87% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $12.7m to $17.7m (+39%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pace of the Southern Piedmont Inc sits at the 96th percentile: it is larger than about 96% 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 The Mandel Jewish Community Center of Cleveland ($17.7m), Community Living Inc ($17.7m) and Osceola County Council on Aging Inc ($17.7m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $250k (1.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.3m against liabilities of $3.6m, net assets of $4.7m. It reported 94 employees.