Greater Peace Community Development Corporation

Analysis

Greater Peace Community Development Corporation is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Peace Community Development Corporation reported income of $854k and spending of $721k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $854k (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Peace Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within AL. Charities of a similar size with the same main cause include Housing Opportunities Inc ($854k), Koinonia Inc ($854k) and Holy Trinity Villa Inc ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $323k. At year end it held assets of $816k against liabilities of $454k, net assets of $362k.