Pac-8 Incorporated

Analysis

Pac-8 Incorporated is a registered charity in United States, based in Los Alamos, NM. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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, Pac-8 Incorporated reported income of $91k and spending of $99k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $91k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pac-8 Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within NM. Charities of a similar size with the same main cause include Appa-Association of Higher Education Facilities Officers ($91k), Florida a & M University National Alumni Association Inc ($91k) and Virginia Baptist Hospital Auxiliary ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $22k against liabilities of $1,965, net assets of $20k.