Peace Children Academy Inc

Analysis

Peace Children Academy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Children Academy Inc reported income of $610k and spending of $549k, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $167k to $610k (+265%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peace Children Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include HHS Carefund Foundation ($610k), Life Recaptured Inc ($610k) and Berean Childrens Home Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $345k (63% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.