Peer Inc

Analysis

Peer Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2005, 21 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 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, Peer Inc reported income of $400k and spending of $400k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $400k (+148%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peer Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Rumson Education Foundation Inc ($400k), Door County Triathlon Inc ($400k) and Retired Senior Volunteer Program of Enid & N Central Oklahoma Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Other salaries and wages came to $193k. At year end it held assets of $35k against liabilities of $61k, net assets of -$26k. It reported 17 employees.