People Incorporated

Analysis

People Incorporated is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover employment, 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 2023, People Incorporated reported income of $50.6m and spending of $49.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.1m to $50.6m (+20%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, People Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Accion Opportunity Fund Community Development ($50.5m), Goodwill Industries of Middle Georgia Inc ($51.0m) and Friendship Community Care Inc ($49.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $618k (1.3% of expenses). Other salaries and wages came to $32.1m. At year end it held assets of $35.7m against liabilities of $12.4m, net assets of $23.2m. It reported 988 employees.