Pace Academy Foundation

Analysis

Pace Academy Foundation is a registered charity in United States, based in Cypress, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Pace Academy Foundation reported income of $609k and spending of $844k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $609k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pace Academy Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Elevate Tutoring Inc ($608k), Head of the Red Youth Activities Association Inc ($609k) and Boys & Girls Clubs of Lake Eufaula Inc ($608k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $678k against liabilities of $500k, net assets of $178k.