Suncoast Pace Inc

Analysis

Suncoast Pace Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in November 2011, 15 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, Suncoast Pace Inc reported income of $34.0m and spending of $33.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.3m to $34.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Suncoast Pace 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 FL. Charities of a similar size with the same main cause include Heart of Alabama Food Bank ($34.0m), Foodbank Inc ($34.0m) and Behavioral Health Services of Somerset and Bedford Counties ($34.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 97% of the total. At year end it held assets of $14.4m against liabilities of $7.0m, net assets of $7.4m.