People Acting in Community Endeavors Inc

Analysis

People Acting in Community Endeavors Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in May 1990, 36 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, People Acting in Community Endeavors Inc reported income of $100.8m and spending of $100.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.4m to $100.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, People Acting in Community Endeavors Inc sits at the 100th 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 99th percentile within MA. Charities of a similar size with the same main cause include The Actors Fund of America ($99.4m), Salem Health Hospitals and Clinics ($100.9m) and Smile Train Inc ($99.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $235k (0.2% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $16.2m against liabilities of $14.5m, net assets of $1.6m. It reported 190 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.