Peacetech Lab

Analysis

Peacetech Lab is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Peacetech Lab reported income of $653k and spending of $1.3m, spending 197% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.3m to $653k (-72%), an average of -35% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 111% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Peacetech Lab sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Mexican Indian Training Center Inc ($652k), Small World Vision Inc ($655k) and Sustainable Medical Missions Inc ($652k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 104% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $250k (19% of expenses). Other salaries and wages came to $205k. At year end it held assets of $338k against liabilities of $39k, net assets of $298k. It reported 12 employees.