Saint Joseph Pace

Analysis

Saint Joseph 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Joseph Pace reported income of $19.3m and spending of $15.0m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $19.3m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Joseph Pace 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 Lifespan Incorporated ($19.3m), Charles Wright Academy ($19.3m) and Newcap Inc ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $9.5m against liabilities of $9.4m, net assets of $123k.