Pace University
Pace University shows consistent revenue growth and asset accumulation, maintaining a healthy financial surplus.
EIN: 135562314 · Pleasantville, NY · NTEE: B40 · Updated: 2026-03-28
Is Pace University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pace University directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pace University
Pace University (EIN: 135562314) is a nonprofit organization based in Pleasantville, NY, classified under NTEE code B40. The organization reported total revenue of $830.3M and total assets of $1.4B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pace University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pace University with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pace University allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, which is highly unusual for an institution with over $600 million in annual revenue and over $1 billion in assets. This suggests that executive compensation might be reported under different categories or is not disclosed in this specific summary, warranting further scrutiny for a complete understanding of compensation practices.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pace University's IRS 990 filings:
- Unusual 0% officer compensation reported across all filings, which may indicate a lack of transparency in compensation disclosure or reporting methodology.
Strengths
The following positive indicators were identified for Pace University:
- Consistent revenue growth, increasing from $492,988,304 in 2014 to $682,582,586 in 2023.
- Significant asset growth, more than doubling from $593,137,972 in 2014 to $1,300,057,209 in 2023.
- Consistent financial surpluses, with revenues exceeding expenses in all reported periods (e.g., $44 million surplus in 2023).
- Strong balance sheet with assets growing faster than liabilities.
Frequently Asked Questions about Pace University
Is Pace University a legitimate charity?
Based on AI analysis of IRS 990 filings, Pace University (EIN: 135562314) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Pace University spend its money?
Pace University directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pace University tax-deductible?
Pace University is registered as a tax-exempt nonprofit (EIN: 135562314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pace University a good charity?
Based on the financial data, Pace University demonstrates strong financial health with consistent revenue growth and asset accumulation. It consistently operates with a surplus, indicating effective financial management. The absence of reported officer compensation in this summary is a point that would require further investigation for a complete assessment of transparency.
How has Pace University's financial health changed over the last decade?
Pace University's financial health has significantly improved over the last decade. Revenue increased from $492,988,304 in 2014 to $682,582,586 in 2023, and assets more than doubled from $593,137,972 to $1,300,057,209 in the same period, indicating robust growth and stability.
What is Pace University's spending efficiency?
Pace University appears to be efficient in its spending, consistently operating with a surplus. For example, in 2023, expenses were $638,143,341 against revenues of $682,582,586, demonstrating that the organization manages its expenditures within its income.
Filing History
IRS 990 filing history for Pace University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pace University's revenue has grown by 64.7%, moving from $414.4M to $682.6M. Total assets increased by 188.2% over the same period, from $451.1M to $1.3B. Total functional expenses rose by 58.4%, from $402.9M to $638.1M. In its most recent filing year (2023), Pace University reported a surplus of $44.4M, with revenue exceeding expenses. The organization holds $837.5M in liabilities against $1.3B in assets (debt-to-asset ratio: 64.4%), resulting in net assets of $462.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $682.6M | $638.1M | $1.3B | $837.5M | — | View 990 |
| 2022 | $627.8M | $586.2M | $1.1B | $696.8M | — | View 990 |
| 2021 | $612.7M | $569.6M | $1.1B | $733.1M | — | View 990 |
| 2020 | $597.7M | $582.8M | $707.4M | $389.8M | — | View 990 |
| 2019 | $596.7M | $587.9M | $692.7M | $391.5M | — | View 990 |
| 2018 | $581.5M | $570.2M | $683.3M | $394.2M | — | View 990 |
| 2017 | $578.2M | $543.8M | $662.8M | $387.7M | — | View 990 |
| 2016 | $554.6M | $531.1M | $618.7M | $395.8M | — | View 990 |
| 2015 | $497.8M | $473.1M | $599.9M | $391.7M | — | View 990 |
| 2014 | $493.0M | $466.4M | $593.1M | $408.8M | — | View 990 |
| 2013 | $456.2M | $449.7M | $477.8M | $317.0M | — | View 990 |
| 2012 | $443.9M | $437.0M | $464.5M | $323.9M | — | View 990 |
| 2011 | $414.4M | $402.9M | $451.1M | $294.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $682.6M, expenses of $638.1M, and assets of $1.3B (revenue +8.7% year-over-year).
- 2022: Revenue of $627.8M, expenses of $586.2M, and assets of $1.1B (revenue +2.5% year-over-year).
- 2021: Revenue of $612.7M, expenses of $569.6M, and assets of $1.1B (revenue +2.5% year-over-year).
- 2020: Revenue of $597.7M, expenses of $582.8M, and assets of $707.4M (revenue +0.2% year-over-year).
- 2019: Revenue of $596.7M, expenses of $587.9M, and assets of $692.7M (revenue +2.6% year-over-year).
- 2018: Revenue of $581.5M, expenses of $570.2M, and assets of $683.3M (revenue +0.6% year-over-year).
- 2017: Revenue of $578.2M, expenses of $543.8M, and assets of $662.8M (revenue +4.2% year-over-year).
- 2016: Revenue of $554.6M, expenses of $531.1M, and assets of $618.7M (revenue +11.4% year-over-year).
- 2015: Revenue of $497.8M, expenses of $473.1M, and assets of $599.9M (revenue +1.0% year-over-year).
- 2014: Revenue of $493.0M, expenses of $466.4M, and assets of $593.1M (revenue +8.1% year-over-year).
- 2013: Revenue of $456.2M, expenses of $449.7M, and assets of $477.8M (revenue +2.8% year-over-year).
- 2012: Revenue of $443.9M, expenses of $437.0M, and assets of $464.5M (revenue +7.1% year-over-year).
- 2011: Revenue of $414.4M, expenses of $402.9M, and assets of $451.1M.
Data Sources and Methodology
This transparency report for Pace University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.