People for People Foundation of Gloucester County Inc

Analysis

People for People Foundation of Gloucester County Inc is a registered charity in United States, based in Mullica Hill, NJ. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2023, People for People Foundation of Gloucester County Inc reported income of $215k and spending of $260k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $493k to $215k (-56%), an average of -19% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, People for People Foundation of Gloucester County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Answers Resource Facility ($215k), Pet Florida-Penney Farms Inc ($215k) and The NC National Guard Soldiers and Airmen Assistance Fund Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). Other salaries and wages came to $94k. At year end it held assets of $18k against liabilities of $22k, net assets of -$3,509. It reported 7 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.