Washtenaw Pace Inc

Analysis

Washtenaw Pace Inc is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Washtenaw Pace Inc reported income of $28.8m and spending of $25.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $16.0m to $28.8m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washtenaw Pace Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include West River Health Services ($28.8m), Alliance for South Sound Health ($28.8m) and Corry Memorial Hospital Association ($28.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $202k (0.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $18.2m against liabilities of $8.8m, net assets of $9.4m. It reported 138 employees.