Pace Academy Inc

Analysis

Pace Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pace Academy Inc reported income of $44.6m and spending of $45.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.2m to $44.6m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pace Academy Inc 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 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Warren Wilson College ($44.5m), Kenan-Flagler Business School Foundation ($44.6m) and Miss Porters School Inc ($44.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $19.3m. At year end it held assets of $203.0m against liabilities of $36.7m, net assets of $166.3m. It reported 434 employees.