Peace Grove Inc

Analysis

Peace Grove Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Peace Grove Inc reported income of $244k and spending of $318k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $232k to $244k (+5.3%), an average of +1.3% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace Grove Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Sikh Society of Michigan Inc ($244k), National Black Nurses Association Inc ($244k) and Association for Pre- and Perinatal Psychology and Health ($244k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. At year end it held assets of $1.4m against liabilities of $611k, net assets of $762k.

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.