Foundation for Inner Peace Inc

Analysis

Foundation for Inner Peace Inc is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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, Foundation for Inner Peace Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from August 2019 to December 2023, income grew from $1.4m to $1.4m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Inner Peace Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Waldorf School Association of the Delaware River Valley ($1.4m), Artemis Center for Alternatives to Domestic Violence ($1.4m) and Louis August Jonas Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $302k (23% of expenses). Other salaries and wages came to $541k. At year end it held assets of $885k against liabilities of $40k, net assets of $844k. It reported 11 employees.