Tools for Peace

Analysis

Tools for Peace is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tools for Peace reported income of $145k and spending of $190k, spending 131% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $451k to $145k (-68%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tools for Peace sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Homeschoolers Inc ($145k), Shenandoah County Library Foundation ($145k) and Future of Reading ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $204, net assets of $73k.

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.