Western Carolina Pacesetters Inc

Analysis

Western Carolina Pacesetters Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2024, Western Carolina Pacesetters Inc reported income of $454k and spending of $474k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $562k to $454k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Western Carolina Pacesetters Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include When in Need Foundation Inc ($453k), Sequoia Meadow Christian Ministries ($454k) and Gap Community Inc ($453k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $250k. At year end it held assets of $328k against liabilities of $353k, net assets of -$24k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.