Pace Central Michigan

Analysis

Pace Central Michigan is a registered charity in United States, based in Mount Pleasant, MI. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Pace Central Michigan reported income of $17.2m and spending of $16.5m, spending 96% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.9m to $17.2m (+346%), an average of +65% a year. The sharpest change came in the year to March 2021, when income rose by 87%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pace Central Michigan sits at the 88th percentile: it is larger than about 88% 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 Sierra Health Care Inc ($17.2m), Lupus Foundation of America Inc ($17.2m) and Louisiana Cancer Research Center of Lsu Health Sciences Center in No ($17.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $154k (0.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $6.4m against liabilities of $6.9m, net assets of -$484k. It reported 98 employees.