Pace North

Analysis

Pace North is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pace North reported income of $16.1m and spending of $15.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $16.1m (+2452%), an average of +125% a year. The sharpest change came in the year to December 2020, when income rose by 522%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pace North sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Identity Inc ($16.1m), Iowa Health Information Network ($16.1m) and Friendship Health and Rehab Center South Inc ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $215k (1.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $9.1m against liabilities of $9.2m, net assets of -$46k. It reported 134 employees.