Pillars of Peace Inc

Analysis

Pillars of Peace Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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 June 2023, Pillars of Peace Inc reported income of $670k and spending of $324k, leaving 52% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $670k (-42%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pillars of Peace Inc sits at the 73rd percentile: it is larger than about 72% 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 Parkville Recreation & Parks Council ($670k), Belmont Cooperative Nursery School Inc ($670k) and Gasconade County Historical Society ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $98k (30% of expenses). Other salaries and wages came to $64k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 5 employees.