Peace Ministries Inc

Analysis

Peace Ministries Inc is a registered charity in United States, based in Englewood Cliffs, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Peace Ministries Inc reported income of $526k and spending of $481k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $335k to $526k (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace Ministries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include American Friends of Zecher Yitzchak Inc ($526k), Youth & Family Counseling Service Inc ($526k) and Carbondale Warming Center ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $205k (43% of expenses). Other salaries and wages came to $140k. At year end it held assets of $196k against liabilities of $29k, net assets of $167k. It reported 4 employees.