Pace Preparatory Academy Inc

Analysis

Pace Preparatory Academy Inc is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pace Preparatory Academy Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $881k to $1.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pace Preparatory Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include World Institute of Pain ($1.4m), Iron Academy ($1.4m) and Lakeshore Natural Resource Partnership ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $497k. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $103k. It reported 17 employees.