Peaceworks Network Foundation

Analysis

Peaceworks Network Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Peaceworks Network Foundation reported income of $991k and spending of $2.2m, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $991k (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income rose by 348%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Peaceworks Network Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Just One Life Inc ($991k), Iqra Fund ($992k) and I-Act ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $448k (20% of expenses). Other salaries and wages came to $328k. At year end it held assets of $5.3m against liabilities of $19k, net assets of $5.3m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.