Peaceweavers Inc

Analysis

Peaceweavers Inc is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peaceweavers Inc reported income of $71k and spending of $136k, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $71k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peaceweavers Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Abbey Players Inc ($71k), Rutherford County Visual Artists Guild ($71k) and The Thorpe Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $64k (47% of expenses). At year end it held assets of $346k against liabilities of $333k, net assets of $13k. It reported 2 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.