Peace Community Center

Analysis

Peace Community Center is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Community Center reported income of $2.1m and spending of $2.9m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peace Community Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Long Game Youth Foundation of Central Texas ($2.1m), Marthas Vineyard Agricultural Society ($2.1m) and Encinitas Soccer League ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $120k (4.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $238k, net assets of $3.0m. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.