Programs for People Inc

Analysis

Programs for People Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Programs for People Inc reported income of $721k and spending of $701k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $632k to $721k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Programs for People Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Casa Del Herrero ($721k), Habitat for Humanity International Inc ($721k) and Senior Citizens of Whitley County Incorporated ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $61k (8.7% of expenses). Other salaries and wages came to $418k. At year end it held assets of $1.1m against liabilities of $660k, net assets of $391k. It reported 11 employees.