Peopleworks - NM

Analysis

Peopleworks - NM is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, Peopleworks - NM reported income of $321k and spending of $351k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $321k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peopleworks - NM sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Square One de Inc ($321k), Grand Traverse Adult Foster Care Home Inc ($322k) and Lolo Preschool and Childcare ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $119k. At year end it held assets of $51k against liabilities of $0, net assets of $51k. It reported 9 employees.