Peacedale Global Arts Inc

Analysis

Peacedale Global Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Peacedale Global Arts Inc reported income of $126k and spending of $65k, leaving 49% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $50k to $126k (+153%), an average of +153% a year. The sharpest change came in the year to June 2024, when income rose by 153%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Peacedale Global Arts Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Cedar Lee Special Improvement District ($126k), RX Research Services Foundation ($126k) and The Plains Community League ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (47% of expenses). Other salaries and wages came to $4,000. At year end it held assets of $69k against liabilities of $21, net assets of $69k.