Peace Center Foundation

Analysis

Peace Center Foundation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Peace Center Foundation reported income of $42.8m and spending of $29.0m, leaving 32% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $27.4m to $42.8m (+56%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 107%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peace Center Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Defensewerx Inc ($42.7m), American Friends of Beth Hatefutsot ($42.8m) and Mann Center for the Performing Arts ($41.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $918k (3.2% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $117.7m against liabilities of $14.1m, net assets of $103.7m. It reported 204 employees.