Pave Inc

Analysis

Pave Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Pave Inc reported income of $1.8m and spending of $2.1m, spending 120% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.3m to $1.8m (+37%), an average of +6.5% a year. The sharpest change came in the year to March 2020, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pave Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include E2d Inc ($1.8m), Safe Haven Child Development Center Inc ($1.8m) and Crestview Academy Inc ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 103% and program service revenue 0.5% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.2m against liabilities of $265k, net assets of $1.9m. It reported 10 employees.