Peace of the City Ministries

Analysis

Peace of the City Ministries is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Peace of the City Ministries reported income of $662k and spending of $640k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $662k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Peace of the City Ministries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Film2future Inc ($661k), Future Farmers of America ($662k) and Boys and Girls Club of Frederick County Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $87k (14% of expenses). Other salaries and wages came to $286k. At year end it held assets of $745k against liabilities of $16k, net assets of $729k. It reported 13 employees.