Trinity Health Pace

Analysis

Trinity Health Pace is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Trinity Health Pace reported income of $22.7m and spending of $20.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $22.7m (+132%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 182%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Health Pace 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Accreditation Association for Ambulatory Health Care Inc ($22.7m), T H E Clinic Inc ($22.7m) and Mahube-Otwa Community Action Partnership Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (11% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $13.1m against liabilities of $19.0m, net assets of -$5.9m. It reported 1,128 employees.