Pace Greater New Orleans

Analysis

Pace Greater New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Pace Greater New Orleans reported income of $13.6m and spending of $14.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.2m to $13.6m (-10%), an average of -2.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pace Greater New Orleans sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include St Colettas of Illinois ($13.6m), Little Sisters of the Poor of the City and County of Philadelphia ($13.6m) and D a Blodgett-St Johns ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $153k (1.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $13.9m against liabilities of $2.2m, net assets of $11.7m. It reported 83 employees.