Prince of Peace Center

Analysis

Prince of Peace Center is a registered charity in United States, based in Farrell, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Prince of Peace Center reported income of $682k and spending of $656k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $704k to $682k (-3.1%), an average of -0.8% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prince of Peace Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Ballet Mississippi Inc ($682k), Orono Hockey Boosters Inc ($682k) and Net-Works Laguna Beach ($682k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $109k (17% of expenses). Other salaries and wages came to $271k. At year end it held assets of $1.1m against liabilities of $2,042, net assets of $1.1m. It reported 20 employees.