Pace Community Action Agency Inc

Analysis

Pace Community Action Agency Inc is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pace Community Action Agency Inc reported income of $10.3m and spending of $10.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $10.3m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pace Community Action Agency Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Broward House Inc ($10.2m), Gatesway Foundation Inc ($10.3m) and Community Link Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $560k (5.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $6.5m against liabilities of $1.5m, net assets of $5.0m. It reported 145 employees.