The Peer Power Foundation Inc

Analysis

The Peer Power Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Peer Power Foundation Inc reported income of $3.9m and spending of $4.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $3.9m (+277%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 112%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Peer Power Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Paragon Collegiate Academy ($3.9m), Ross-Ade Foundation ($3.9m) and Faith Baptist Bible College Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $432k (11% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $1.3m against liabilities of $303k, net assets of $1.0m. It reported 300 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.