Peak Worship Inc

Analysis

Peak Worship Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2014, 12 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, Peak Worship Inc reported income of $226k and spending of $241k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $226k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Peak Worship Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Cancao Nova Catholic Community Association of the Faithful Inc ($226k), Torah in Motion USA Inc ($226k) and Mona a Walker Foundation ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (20% of expenses). At year end it held assets of $363k against liabilities of $99k, net assets of $264k.