Pace Academy
Pace Academy reported $55.1 million in revenue and $52.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.73 went to program services, $10.47 to management and general costs and $3.80 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.5% of the total. The highest compensation it reported for one person was $1,038,400 (HEAD OF SCHOOL). 31 people received more than $100,000 in reportable compensation. Revenue rose 15% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $52MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $55M- Contributions & grants (non-government)$10.03 $5.6M
- Program service revenue$83.88 $47M
- Investment income$6.09 $3.4M
Other revenue was negative: −$396K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.35 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,038,400 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.00% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 31 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 42.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 32 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction - Pace Academy was established in 1958 as an independent college preparatory co-educational day school. The enrollment is 1,150 students in pre-first through 12th grades. Pace strives to create an innovative learning environment through collaboration, challenging curriculum, outstanding teaching and co-curricular offerings. It means we require students to plug into the world around them, push beyond their comfort zones and accomplish things they never thought possible. Pace starts small to make these big things happen by focusing on the individual student, maintaining small class…
Isdell center for global leadership - in 2014, Pace Academy launched the isdell center for global leadership (icgl), a collaborative, cross-divisional program that supports a well-rounded global education for every pace student. The icgl takes the building blocks of the five-course curriculum and gives students in the lower, middle and upper schools the opportunity to apply their knowledge in ways that enable them to become ethical, empathetic, innovative, culturally competent and adaptable citizens of the world. From the time a student enters pace's doors until graduation, all educational…
Student activities - Pace Academy offers a variety of student activities including arts, debate and athletics. Over 30 years the pace debate program has grown into a nationally recognized program with a long-standing history of excellence. The pace arts program offers a unique variety of performing and visual arts for students to participate in, and boasts a world class fine arts center. 72% of upper school students participate in the arts. Upper school students are required to complete service learning, and the average graduating senior has 90 hours of community service. The pace athletics…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 40.0 hrs/week | $839,442 | $0 | $198,958 | $1,038,400 |
| CFO Officer, 40.0 hrs/week | $338,108 | $0 | $38,601 | $376,709 |
| HEAD OF UPPER SCHOOL Highest compensated employee, 40.0 hrs/week | $245,622 | $0 | $47,404 | $293,026 |
| HEAD OF LOWER SCHOOL Highest compensated employee, 40.0 hrs/week | $234,195 | $0 | $46,912 | $281,107 |
| DIRECTOR OF ADVANCEMENT Highest compensated employee, 40.0 hrs/week | $232,957 | $0 | $43,998 | $276,955 |
| Director of Facilities Highest compensated employee, 40.0 hrs/week | $194,694 | $0 | $31,317 | $226,011 |
| Head of MIddle School Highest compensated employee, 40.0 hrs/week | $195,485 | $0 | $26,635 | $222,120 |
31 people received more than $100,000 in reportable compensation from Pace Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 32 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5503
- Volunteers Part I, line 61,115
Private foundation grants it received
30 private foundations reported grants to Pace Academy totaling $1.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Pace Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pace Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Pace Academy spent in FY2025, $85.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Washington International SchoolWashington, DC · revenue $55M · programs 83.8% · FY2025
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- Rochester Prep Charter SchoolsRochester, NY · revenue $55M · programs 90.7% · FY2025
- Inner City Education FoundationLos Angeles, CA · revenue $55M · programs 91.2% · FY2025
- The Pierpont Morgan LibraryNew York, NY · revenue $55M · programs 79.6% · FY2025
Questions people ask
How much of Pace Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Pace Academy reported that 85.7% of its $52.0 million in expenses went to program services, 10.5% to management and general and 3.8% to fundraising (Form 990, Part IX).
How much does Pace Academy pay its top executive?
The largest total compensation Pace Academy reported for one person in the fiscal year ending June 30, 2025 was $1,038,400, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Pace Academy get its money?
Of $55.1 million in revenue in the fiscal year ending June 30, 2025, 10.1% came from contributions and grants and 84.5% from program service revenue (Form 990, Part VIII).
Is Pace Academy a registered charity?
The IRS lists EIN 58-0706812 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611279349302191 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531199349302343 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349304438 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349309229 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231249349301903 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349305324 · read the filing
All filings for EIN 58-0706812: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.