Pace Southeast Michigan

Analysis

Pace Southeast Michigan is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in July 2011, 15 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, Pace Southeast Michigan reported income of $171.8m and spending of $173.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84.9m to $171.8m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pace Southeast Michigan sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include South Florida Baptist Hospital Inc ($171.6m), Greenville Health Corporation ($171.8m) and Upmc Chautauqua at Wca ($171.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $450k (0.3% of expenses). Other salaries and wages came to $42.2m. At year end it held assets of $70.5m against liabilities of $51.5m, net assets of $19.1m. It reported 978 employees.