Peace Early Learning Center Inc

Analysis

Peace Early Learning Center Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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 Early Learning Center Inc reported income of $1.6m and spending of $1.3m, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.6m (+30%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace Early Learning Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Terrapin House Inc ($1.6m), University of Louisville TR ($1.6m) and Webster Montessori School ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $53k (4.2% of expenses). Other salaries and wages came to $631k. At year end it held assets of $468k against liabilities of $30k, net assets of $437k. It reported 40 employees.