Peak Programs Inc

Analysis

Peak Programs Inc is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Programs Inc reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peak Programs Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Young Audiences Inc of Houston ($1.7m), Providence Athenaeum ($1.7m) and Congregation Bnos Yakov ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $219k (13% of expenses). Other salaries and wages came to $521k. At year end it held assets of $191k against liabilities of $270k, net assets of -$79k. It reported 1 employees.