Service for Peace Inc

Analysis

Service for Peace Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Service for Peace Inc reported income of $140k and spending of $164k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $162k to $140k (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2023, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Service for Peace Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include The Association for Successful Parenting ($140k), Santas Senior Center Corporation Inc ($140k) and North Shore Soup Kitchen Inc ($140k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $42k (25% of expenses). At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 1 employees.