Pace Universal

Analysis

Pace Universal is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Universal reported income of $137k and spending of $227k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $137k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pace Universal sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Bright Scholars International ($137k), Caring for Kenya ($137k) and Kusewera ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (25% of expenses). At year end it held assets of $94k against liabilities of $5,558, net assets of $89k. It reported 1 employees.