House of Peace & Education Inc

Analysis

House of Peace & Education Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, House of Peace & Education Inc reported income of $474k and spending of $335k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $372k to $474k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, House of Peace & Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Pregnancy Counseling Center ($474k), Personal Affordable Living Inc ($474k) and Whole Family Community Iniative Incorporated ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $44k (13% of expenses). Other salaries and wages came to $133k. At year end it held assets of $650k against liabilities of $270k, net assets of $380k. It reported 11 employees.