Peace of Mind Inc

Analysis

Peace of Mind Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Peace of Mind Inc reported income of $391k and spending of $246k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $245k to $391k (+59%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace of Mind Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include USA Swimming Inc ($391k), St Camillus Community House II ($391k) and Source Music Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $114k (46% of expenses). At year end it held assets of $340k against liabilities of $1,753, net assets of $338k. It reported 2 employees.