Pace Foundation

Analysis

Pace Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Pace Foundation reported income of $213k and spending of $36k, leaving 83% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $62k to $213k (+242%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pace Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within AZ. Charities of a similar size with the same main cause include Friends of Homosassa Springs Wildlife Park Inc ($212k), Secret Families Inc ($213k) and Ifpw Foundation ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $702k against liabilities of $0, net assets of $702k.