Paces Center for Value in Healthcare Inc

Analysis

Paces Center for Value in Healthcare Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2023, Paces Center for Value in Healthcare Inc reported income of $520k and spending of $562k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $224k to $520k (+132%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paces Center for Value in Healthcare Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Teamsters Local 25 Autism Fund Inc ($520k), California Telehealth Network ($520k) and Animal Cancer Foundation ($520k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $380k against liabilities of $370k, net assets of $9,778.