Peaceful Hugs

Analysis

Peaceful Hugs is a registered charity in United States, based in Clinton Township, MI. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Peaceful Hugs reported income of $905k and spending of $760k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $905k (+302%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 752%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peaceful Hugs sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Local Infant Formula for Emergencies Inc ($905k), Christian Life Ministries ($905k) and Be Kind San Antonio Inc ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $486k. At year end it held assets of $684k against liabilities of $125, net assets of $684k. It reported 29 employees.