Hair Peace Charities

Analysis

Hair Peace Charities is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Hair Peace Charities reported income of $172k and spending of $205k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $297k to $172k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hair Peace Charities sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Rural Health Works Inc ($172k), HMG Management Group Inc ($172k) and Bauermeister Foundation ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $42k (20% of expenses). Other salaries and wages came to $9,073. At year end it held assets of $154k against liabilities of $0, net assets of $154k. It reported 2 employees.