Peace Promise Inc

Analysis

Peace Promise Inc is a registered charity in United States, based in Boiling SPGS, PA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peace Promise Inc reported income of $390k and spending of $271k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $234k to $390k (+67%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Peace Promise 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 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Shalom Ministries Inc ($390k), Reflective Life Ministries ($390k) and Gateway Prayer Garden ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $54k (20% of expenses). Other salaries and wages came to $55k. At year end it held assets of $800k against liabilities of $333k, net assets of $466k. It reported 3 employees.