Pace Cares Corp

Analysis

Pace Cares Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Pace Cares Corp reported income of $78k and spending of $266k, spending 342% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $155k to $78k (-50%), an average of -16% a year. The sharpest change came in the year to March 2022, when income rose by 61%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pace Cares Corp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Bob Craig Youth Foundation ($78k), Nux4life ($78k) and Ankeny Community Foundation ($77k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.