Peace Corner Incorporated

Analysis

Peace Corner Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Peace Corner Incorporated reported income of $86k and spending of $4.0m, spending 4713% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $225k to $86k (-62%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 5506%. Over the whole period it spent 234% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace Corner Incorporated sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Wehr Distinguished Professorships Trust ($86k), Central Office of Western Colorado ($86k) and Friends Memorial Public Library Inc ($86k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% of the total. Other salaries and wages came to $282k. At year end it held assets of $24k against liabilities of $2.1m, net assets of -$2.1m.