Pace Solano

Analysis

Pace Solano is a registered charity in United States, based in Vacaville, CA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Pace Solano reported income of $11.0m and spending of $9.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $11.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pace Solano sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Fellowshiplife Inc ($11.0m), CGS Family Partnership Inc ($11.0m) and Shiloh Home Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 62% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $13.2m against liabilities of $3.3m, net assets of $9.9m. It reported 183 employees.