Peace Properties Inc

Analysis

Peace Properties Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peace Properties Inc reported income of $238k and spending of $268k, spending 112% of what it took in. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent -442% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peace Properties Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Government Street Presbyterian Church Endowment TR ($238k), Mano a Mano ($238k) and Assad Abood Foundation Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 48% of the total. At year end it held assets of $5.6m against liabilities of $5.9m, net assets of -$328k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.