McGregor Pace

Analysis

McGregor Pace is a registered charity in United States, based in East Cleveland, OH. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2023, McGregor Pace reported income of $59.7m and spending of $56.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.8m to $59.7m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McGregor Pace sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Foodbank of Southern California ($59.7m), Young Mens Christian Association of Silicon Valley ($59.7m) and Graham-Windham ($59.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $260k (0.5% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $28.8m against liabilities of $14.6m, net assets of $14.2m. It reported 310 employees.