William Peace University

Analysis

William Peace University is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, William Peace University reported income of $26.8m and spending of $34.3m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.8m to $26.8m (-37%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Peace University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Idaho State University Foundation Inc ($26.8m), Pathpoint ($26.8m) and University of Iowa Strategic Initiatives Fund ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.4m (4.0% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $77.1m against liabilities of $14.1m, net assets of $63.0m. It reported 462 employees.