Queen of Peace Inc

Analysis

Queen of Peace Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in December 1988, 38 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, Queen of Peace Inc reported income of $1.2m and spending of $518k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $1.2m (+162%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queen of Peace Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Preferred Lending Partners ($1.2m), American Cave Conservation Association ($1.2m) and Art League of Houston ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $233k. At year end it held assets of $5.3m against liabilities of $5,750, net assets of $5.3m. It reported 8 employees.