Prince of Peace Christian School

Analysis

Prince of Peace Christian School is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Prince of Peace Christian School reported income of $18.3m and spending of $14.9m, spending 81% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $15.1m to $18.3m (+21%), an average of +4.9% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prince of Peace Christian School 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 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Prosperity Denver Fund ($18.3m), U C Riverside Foundation ($18.3m) and California State University East Bay Foundation Inc ($18.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $683k (4.6% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $32.6m against liabilities of $12.5m, net assets of $20.2m. It reported 202 employees.