Florida Pace Centers Inc

Analysis

Florida Pace Centers Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Pace Centers Inc reported income of $100.1m and spending of $93.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.1m to $100.1m (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florida Pace Centers Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Community Builders Inc ($99.7m), Mercy Housing Inc ($100.5m) and MHT Housing Inc ($99.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (2.0% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $81.3m against liabilities of $17.9m, net assets of $63.5m. It reported 272 employees.