Peace Neighborhood Center

Analysis

Peace Neighborhood Center is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Peace Neighborhood Center reported income of $2.1m and spending of $1.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $775k to $2.1m (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peace Neighborhood Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Commonworks ($2.1m), Institute of Chung Hwa Buddhist Culture Inc ($2.1m) and Lutheran Senior Services of Dover Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $124k (8.5% of expenses). Other salaries and wages came to $757k. At year end it held assets of $4.6m against liabilities of $84k, net assets of $4.5m. It reported 38 employees.