Peacework Development Fund Inc

Analysis

Peacework Development Fund Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in May 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Peacework Development Fund Inc reported income of $626k and spending of $629k, spending 100% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $1.4m to $626k (-56%), an average of -19% a year. The sharpest change came in the year to January 2021, when income dropped by 71%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Peacework Development Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Population and Development International Inc ($625k), Washington International Trade Foundation ($627k) and Heavenly Treasures ($625k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Other salaries and wages came to $50k. At year end it held assets of $160k against liabilities of $203k, net assets of -$43k. It reported 4 employees.