Peace House Inc

Analysis

Peace House Inc is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in May 1993, 33 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 June 2023, Peace House Inc reported income of $3.5m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $3.5m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peace House Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Third Street Alliance for Women and Children ($3.5m), The Folsom Cordova Community Partnership ($3.5m) and Food Bank Association of New York State ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (4.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $13.2m against liabilities of $292k, net assets of $12.9m. It reported 47 employees.