Pacesetters Incorporated

Analysis

Pacesetters Incorporated is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pacesetters Incorporated reported income of $12.2m and spending of $11.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.5m to $12.2m (-2.3%), an average of -0.6% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pacesetters Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Bender JCC of Greater Washington ($12.2m), Puerto Rican Org for Community Educational & Economic Development ($12.2m) and Otterbein Green Hills Inc ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $186k (1.7% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $11.0m against liabilities of $747k, net assets of $10.3m. It reported 258 employees.