Apace Foundation

Analysis

Apace Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Apace Foundation reported income of $1.8m and spending of $821k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $636k to $1.8m (+183%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Apace Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Tamar and Jonathan Koschitzky Family Foundation ($1.8m), United Way of Lake County Inc ($1.8m) and Friends Of@duvdevan ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 31% of the total. At year end it held assets of $6.6m against liabilities of $32k, net assets of $6.5m.