Friends of Pacer

Analysis

Friends of Pacer is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1989, 37 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 September 2023, Friends of Pacer reported income of $432k and spending of $454k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $569k to $432k (-24%), an average of -6.7% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Pacer sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Roanoke Womens Foundation ($432k), Victims Impact Panel of Oklahoma Inc ($432k) and Physicians Care Clinic Inc ($432k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 56% of the total. At year end it held assets of $8.9m against liabilities of $5,825, net assets of $8.9m.