Life Pace Inc

Analysis

Life Pace Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Life Pace Inc reported income of $23.5m and spending of $23.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $23.5m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Pace Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Gundersen Lutheran Medical Foundation Inc ($23.5m), Community Council of Nashua N H Inc ($23.5m) and Sisters of St Mary of Oregon Maryville Corporation ($23.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $7.0m against liabilities of $3.1m, net assets of $3.8m. It reported 130 employees.