Prince of Peace Housing Inc

Analysis

Prince of Peace Housing Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Prince of Peace Housing Inc reported income of $641k and spending of $692k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $485k to $641k (+32%), an average of +7.2% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prince of Peace Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Safe of Columbia County ($641k), Marshall County Arc Inc ($641k) and Forum Club of the Palm Beaches Inc ($641k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. Other salaries and wages came to $144k. At year end it held assets of $2.0m against liabilities of $108k, net assets of $1.9m. It reported 3 employees.

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.