People Working Cooperatively Inc

Analysis

People Working Cooperatively Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, People Working Cooperatively Inc reported income of $9.8m and spending of $11.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $9.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, People Working Cooperatively Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Affordable Homes of South Texas Inc ($9.8m), PHM New Richmond Senior Housing Inc ($9.8m) and Front Steps Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $672k (6.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $9.8m against liabilities of $3.3m, net assets of $6.6m. It reported 143 employees.