Haymarket Peoples Fund Inc

Analysis

Haymarket Peoples Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Haymarket Peoples Fund Inc reported income of $2.8m and spending of $2.0m, leaving 29% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $2.8m (+138%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 266%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haymarket Peoples Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Zola Levitt Ministries Inc ($2.8m), Our Place Community Outreach ($2.8m) and The Arnold Gold Foundation ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $198k (9.8% of expenses). Other salaries and wages came to $289k. At year end it held assets of $13.9m against liabilities of $342k, net assets of $13.5m. It reported 5 employees.