Peace Village

Analysis

Peace Village is a registered charity in United States, based in Palos Park, IL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Peace Village reported income of $12.5m and spending of $15.9m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $12.5m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peace Village sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Jewish Home Life Communities Inc ($12.5m), Provident Commonwealth Education Resources ($12.6m) and Wesley Manor Retirement Community Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $293k (1.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $21.4m against liabilities of $72.7m, net assets of -$51.3m. It reported 138 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.