People Serving People Inc

Analysis

People Serving People Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1983, 43 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 Serving People Inc reported income of $11.8m and spending of $10.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $11.8m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, People Serving People Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Forkids Inc ($11.8m), Englewood Community Development Corporation ($11.8m) and HFCC Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $419k (3.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $4.5m against liabilities of $2.1m, net assets of $2.4m. It reported 131 employees.