Pace E Bene Inc

Analysis

Pace E Bene Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Pace E Bene Inc reported income of $224k and spending of $224k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $249k to $224k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2021, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pace E Bene Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Houston Knanaya Catholic Society Inc ($224k), Barbier Ministries Inc ($224k) and You Are the Shepherd Inc ($224k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $57k (25% of expenses). At year end it held assets of $129k against liabilities of $12k, net assets of $117k. It reported 2 employees.