William Peace University Foundation

Analysis

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

In the financial year ending June 2023, William Peace University Foundation reported income of $106k and spending of $2.1m, spending 1962% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $106k (-99%), an average of -66% a year. The sharpest change came in the year to June 2022, when income rose by 314%. Over the whole period it spent 65% 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 Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Tom Green County Adult Literacy Council ($106k), Glide Booster Club ($106k) and Jones Road Family Development Corporation ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $9.6m against liabilities of $0, net assets of $9.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.