Peace Academy

Analysis

Peace Academy is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Peace Academy reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.4m to $1.9m (+42%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peace Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Montessori Childrens School of Key West Inc ($1.9m), Washburn Academy Inc ($1.9m) and Concordia Education Foundation Inc ($1.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $20k (1.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $1,416, net assets of $1.5m. It reported 67 employees.