Peaceworks Inc
Peaceworks Inc: Consistent Revenue, Volatile Expenses, and Transparency Gaps
EIN: 223086330 · Union, NJ · NTEE: Q300 · Updated: 2026-04-04
About Peaceworks Inc
Peaceworks Inc (EIN: 223086330) is a nonprofit organization based in Union, NJ, classified under NTEE code Q300. The organization reported total revenue of $198K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peaceworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peaceworks Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Peaceworks Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a comprehensive assessment difficult without further access to Form 990 filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Peaceworks Inc's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2022 ($237,599 expenses vs. $175,783 revenue) and 2020 ($184,020 expenses vs. $150,855 revenue), indicating potential financial instability.
- Lack of clear program outcome reporting makes it difficult to assess the effectiveness of funds spent.
- The organization's assets have fluctuated significantly, from $165,233 in 2021 to $53,901 in the current data, raising questions about asset management.
Strengths
The following positive indicators were identified for Peaceworks Inc:
- Consistent revenue generation over several years, typically in the $150,000-$190,000 range, demonstrates a stable funding base.
- The organization has maintained its existence for a considerable period, suggesting resilience.
- Low liabilities and no reported lobbying or political campaign activities indicate a focus on its core mission.
Frequently Asked Questions about Peaceworks Inc
What does Peaceworks Inc do?
Peaceworks Inc is a nonprofit organization in the International & Foreign Affairs sector, located in Union, New Jersey. It is classified under NTEE code Q300.
How much revenue does Peaceworks Inc have?
Peaceworks Inc reported total revenue of $198,319. Based on 14 IRS 990 filings on record.
What are Peaceworks Inc's total assets?
Peaceworks Inc holds total assets of $53,901 as reported in IRS 990 filings.
Where is Peaceworks Inc located?
Peaceworks Inc is based in Union, New Jersey.
What is Peaceworks Inc's EIN?
Peaceworks Inc's Employer Identification Number (EIN) is 223086330. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Peaceworks Inc?
Peaceworks Inc is classified under NTEE code Q300 (International & Foreign Affairs).
Is Peaceworks Inc a registered 501(c)(3)?
Yes, Peaceworks Inc is recognized as a tax-exempt organization by the IRS. EIN: 223086330.
Does Peaceworks Inc file IRS Form 990?
Yes, Peaceworks Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Peaceworks Inc's revenue in 2023?
In the 202312 filing period, Peaceworks Inc reported total revenue of $191,458, total expenses of $195,422, and net assets of $94,025.
Is Peaceworks Inc's revenue growing or declining?
Peaceworks Inc's revenue is growing. Revenue went from $175,783 (202212) to $191,458 (202312), a +8.9% change. Based on 14 filings on record.
What is Peaceworks Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Peaceworks Inc covers tax period 202312. It shows revenue of $191,458, expenses of $195,422, total assets of $94,025, and liabilities of N/A.
How much does Peaceworks Inc spend on programs vs administration?
Based on IRS 990 analysis, Peaceworks Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Peaceworks Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Peaceworks Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Peaceworks Inc?
The following concerns were identified: Expenses frequently exceed revenue, as seen in 2022 ($237,599 expenses vs. $175,783 revenue) and 2020 ($184,020 expenses vs. $150,855 revenue), indicating potential financial instability.. Lack of clear program outcome reporting makes it difficult to assess the effectiveness of funds spent.. The organization's assets have fluctuated significantly, from $165,233 in 2021 to $53,901 in the current data, raising questions about asset management.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Peaceworks Inc's strengths?
Positive indicators for Peaceworks Inc include: Consistent revenue generation over several years, typically in the $150,000-$190,000 range, demonstrates a stable funding base.. The organization has maintained its existence for a considerable period, suggesting resilience.. Low liabilities and no reported lobbying or political campaign activities indicate a focus on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Peaceworks Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a comprehensive assessment difficult without further access to Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue but often higher expenses, what strategies does Peaceworks Inc. employ to manage its operational deficits without significant asset depletion?
The data shows that while expenses often exceed revenue, the organization's assets have not been consistently depleted year-over-year, suggesting either other income sources not detailed or strategic expense management in certain periods. For example, in 2021, revenue was $185,929 and expenses were $132,743, leading to a surplus that likely bolstered assets.
How does Peaceworks Inc. ensure its programs are impactful and efficient, given the absence of detailed program spending breakdowns and outcome reports?
Without specific program spending breakdowns or outcome reports, it's challenging to ascertain the efficiency and impact. A significant portion of the budget would ideally be allocated to programs, but without transparency, it's difficult to verify this or assess the effectiveness of the programs themselves.
Filing History
IRS 990 filing history for Peaceworks Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Peaceworks Inc's revenue has grown by 92.2%, moving from $100K to $191K. Total assets increased by 365% over the same period, from $20K to $94K. Total functional expenses rose by 66.9%, from $117K to $195K. In its most recent filing year (2023), Peaceworks Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $195K | $94K | $0 | — | View 990 |
| 2022 | $176K | $238K | $99K | $0 | — | View 990 |
| 2021 | $186K | $133K | $165K | $0 | — | View 990 |
| 2020 | $151K | $184K | $103K | $0 | — | — |
| 2019 | $175K | $177K | $131K | $0 | — | View 990 |
| 2018 | $185K | $218K | $128K | $0 | — | View 990 |
| 2017 | $318K | $233K | $158K | $0 | — | View 990 |
| 2016 | $194K | $188K | $75K | $0 | — | View 990 |
| 2015 | $163K | $166K | $63K | $0 | — | View 990 |
| 2014 | $127K | $94K | $65K | $0 | — | View 990 |
| 2013 | $138K | $135K | $32K | $0 | — | View 990 |
| 2012 | $104K | $101K | $29K | $0 | — | View 990 |
| 2011 | $106K | $100K | $26K | $0 | — | View 990 |
| 2010 | $100K | $117K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $195K, and assets of $94K (revenue +8.9% year-over-year).
- 2022: Revenue of $176K, expenses of $238K, and assets of $99K (revenue -5.5% year-over-year).
- 2021: Revenue of $186K, expenses of $133K, and assets of $165K (revenue +23.3% year-over-year).
- 2020: Revenue of $151K, expenses of $184K, and assets of $103K (revenue -13.8% year-over-year).
- 2019: Revenue of $175K, expenses of $177K, and assets of $131K (revenue -5.5% year-over-year).
- 2018: Revenue of $185K, expenses of $218K, and assets of $128K (revenue -41.8% year-over-year).
- 2017: Revenue of $318K, expenses of $233K, and assets of $158K (revenue +64.4% year-over-year).
- 2016: Revenue of $194K, expenses of $188K, and assets of $75K (revenue +18.6% year-over-year).
- 2015: Revenue of $163K, expenses of $166K, and assets of $63K (revenue +27.9% year-over-year).
- 2014: Revenue of $127K, expenses of $94K, and assets of $65K (revenue -7.4% year-over-year).
- 2013: Revenue of $138K, expenses of $135K, and assets of $32K (revenue +32.4% year-over-year).
- 2012: Revenue of $104K, expenses of $101K, and assets of $29K (revenue -1.8% year-over-year).
- 2011: Revenue of $106K, expenses of $100K, and assets of $26K (revenue +6.3% year-over-year).
- 2010: Revenue of $100K, expenses of $117K, and assets of $20K.
Data Sources and Methodology
This transparency report for Peaceworks Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.