Peoples Resource Center

Analysis

Peoples Resource Center is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in September 1983, 43 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, Peoples Resource Center reported income of $20.6m and spending of $18.8m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.1m to $20.6m (+87%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peoples Resource Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Albert Einstein Residence Center ($20.6m), Mid-Minnesota Legal Assistance Incorporated ($20.6m) and Field School Inc ($20.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $290k (1.5% of expenses). Other salaries and wages came to $2.2m. It paid $106k in professional fundraising fees. At year end it held assets of $13.7m against liabilities of $306k, net assets of $13.4m. It reported 56 employees.