Pace Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 11,400 | 3,903 | 7,497 | 23.0 | — |
| 2014 | 10,200 | 4,162 | 6,038 | 39.0 | — |
| 2015 | 10,600 | 4,269 | 6,331 | 55.8 | — |
| 2016 | 15,000 | 3,847 | 11,153 | 96.8 | — |
| 2017 | 16,000 | 15,405 | 595 | 24.6 | — |
| 2018 | 153,525 | 129,183 | 24,342 | 5.2 | — |
| 2019 | 359,978 | 295,894 | 64,084 | 4.9 | 0% |
| 2020 | 510,224 | 357,998 | 152,226 | 9.1 | 0% |
| 2021 | 1,043,054 | 527,174 | 515,880 | 17.9 | 0% |
| 2022 | 821,243 | 994,978 | −173,735 | 7.4 | 0% |
| 2023 | 608,501 | 844,475 | −235,974 | 2.5 | 0% |
In its most recent public year (2023), this organization spent $235,974 more than it brought in. Its reserves stood at about 2.5 months of spending, down from 23 in 2013. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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