Peaks Island Childrens Workshop

Analysis

Peaks Island Childrens Workshop is a registered charity in United States, based in Peaks Island, ME. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Peaks Island Childrens Workshop reported income of $422k and spending of $289k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $422k (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Peaks Island Childrens Workshop sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include New York Wrestling Association for Youth Inc ($422k), Big Brothers Big Sisters of the Desert ($423k) and International Society for Neurofeedback & Research ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 40% of the total. Other salaries and wages came to $189k. At year end it held assets of $525k against liabilities of $90k, net assets of $434k. It reported 8 employees.