Pace of Southwest Michigan Inc

Analysis

Pace of Southwest Michigan Inc is a registered charity in United States, based in St Joseph, MI. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pace of Southwest Michigan Inc reported income of $26.0m and spending of $27.5m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.2m to $26.0m (+36%), an average of +7.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pace of Southwest Michigan Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Francis House Inc ($26.0m), Oklahoma State Fair Inc ($26.0m) and Arizonas Children Association ($26.0m).

On its Form 990 for the period ending September 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 $159k (0.6% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $6.8m against liabilities of $6.6m, net assets of $201k. It reported 117 employees.