Peak Grantmaking Inc

Analysis

Peak Grantmaking Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Peak Grantmaking Inc reported income of $3.8m and spending of $6.8m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.8m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peak Grantmaking Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include National Summer School Initiative Inc ($3.8m), Venice Family Clinic Foundation ($3.8m) and Presidio Theatre ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $510k (7.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.5m. It reported 23 employees.