PACE ENTERPRISES OF WEST VIRGINIA INC
Mission Statement
At PACE Enterprises, we are dedicated to helping people with disabilities find meaningful employment, fostering independence, and promoting community participation. Since 1972, our mission has been to provide pre-vocational and vocational rehabilitation services to individuals with disabilities in North Central West Virginia. Our community-led organization supports clients of all backgrounds and abilities, helping them achieve their career goals and live fulfilling lives. PACE Enterprises is licensed by the State of West Virginia as a Community Rehabilitation Program and a Behavioral Mental Health Center. This means that all our programs are regularly audited and inspected to ensure compliance with state regulations. Our commitment to maintaining high standards ensures that our clients receive the best possible support and services.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.5% | 84.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.5% | 13.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 119.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.0 mo | 9.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
21.9% | 16.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.7% | 92.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
9.5% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.2% | 8.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.1% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $8.6M | $8.4M | $4.9M | 82.5% | 285 |
| 2022 | $7.9M | $7.8M | $4.6M | 82.0% | 268 |
| 2021 | $7.0M | $6.8M | N/A | — | 259 |
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