Catholic Peace Times Weelky Inc

Analysis

Catholic Peace Times Weelky Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Catholic Peace Times Weelky Inc reported income of $310k and spending of $422k, spending 136% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $281k to $310k (+10%), an average of +3.3% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catholic Peace Times Weelky Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Pricketts Fort Memorial Foundation Inc ($310k), Pegasi Northwest ($310k) and Tfi Digital Archive Inc ($310k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $161k. At year end it held assets of $273k against liabilities of $5,015, net assets of $268k. It reported 6 employees.

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.