Peoplecare Center for Nonprofits Inc

Analysis

Peoplecare Center for Nonprofits Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Peoplecare Center for Nonprofits Inc reported income of $371k and spending of $441k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $414k to $371k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Peoplecare Center for Nonprofits Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Wellfleet Preservation Hall ($371k), Urban Bridges ($372k) and Center for Community Engagement ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Other salaries and wages came to $174k. At year end it held assets of $2.2m against liabilities of $58k, net assets of $2.2m. It reported 4 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.