Peak Adventure Ministries Inc

Analysis

Peak Adventure Ministries Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Peak Adventure Ministries Inc reported income of $223k and spending of $205k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $223k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peak Adventure Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include JB Yeager Baseball Inc ($223k), Collegiate Womens Lacrosse Officiating Association ($223k) and Maryland Figure Skating Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (17% of expenses). Other salaries and wages came to $108k. At year end it held assets of $85k against liabilities of $254, net assets of $85k. It reported 45 employees.