Peacock Legacy of Hope

Analysis

Peacock Legacy of Hope is a registered charity in United States, based in Bryan, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Peacock Legacy of Hope reported income of $252k and spending of $191k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $643k to $252k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peacock Legacy of Hope sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Providence Blanchet Association ($252k), Villa Calleguas Inc ($253k) and Wellspring Living SC ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $71k (37% of expenses). Other salaries and wages came to $11k. At year end it held assets of $903k against liabilities of $289k, net assets of $614k. It reported 4 employees.