Poor Peoples United Fund Inc

Analysis

Poor Peoples United Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Poor Peoples United Fund Inc reported income of $64k and spending of $85k, spending 134% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $320k to $64k (-80%), an average of -33% a year. The sharpest change came in the year to August 2020, when income dropped by 84%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poor Peoples United Fund Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Valley Spectrum Support Services ($64k), Having Friends Inc ($64k) and Childcare Support and Education Organization ($64k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $15k (18% of expenses). At year end it held assets of $292k against liabilities of $3,878, net assets of $288k. It reported 1 employees.