Peaceworks Inc

Analysis

Peaceworks Inc is a registered charity in United States, based in Conifer, CO. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Peaceworks Inc reported income of $370k and spending of $445k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $370k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peaceworks Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Lutheran Home Winston-Salem Property Inc ($370k), Rock River Thresheree Association ($370k) and Roseau County Agricultural Society ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $51k (11% of expenses). Other salaries and wages came to $190k. At year end it held assets of $391k against liabilities of $22k, net assets of $369k. It reported 8 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.