Peavey Project Inc

Analysis

Peavey Project Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Peavey Project Inc reported income of $138k and spending of $115k, spending 83% of its income. Across the 3 years on record, from July 2022 to December 2023, income grew from $101k to $138k (+37%), an average of +17% a year. The sharpest change came in the year to July 2023, when income rose by 193%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peavey Project Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include The Center Inc ($138k), PTA New York Congress ($138k) and Orcutt National Little League Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $82k. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 2 employees.