Plowshares Education Development Center Inc

Analysis

Plowshares Education Development Center Inc is a registered charity in United States, based in Newtonville, MA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Plowshares Education Development Center Inc reported income of $2.1m and spending of $1.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.1m (+3.4%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plowshares Education Development Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include LA Jolla Historical Society ($2.1m), Community Ems Incorporated ($2.2m) and Olney Friends School Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $335k (20% of expenses). Other salaries and wages came to $939k. At year end it held assets of $2.2m against liabilities of $179k, net assets of $2.0m. It reported 48 employees.