Cascade Pace Inc

Analysis

Cascade Pace Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cascade Pace Inc reported income of $22.3m and spending of $19.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $12.3m to $22.3m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cascade Pace Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Nysarc Inc ($22.2m), Aging Services of North Central Massachusetts Inc ($22.3m) and Child & Family Resources Inc ($22.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $191k (1.0% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $9.6m against liabilities of $5.9m, net assets of $3.6m. It reported 107 employees.