People Improving Communities and Neighborhoods

Analysis

People Improving Communities and Neighborhoods is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, People Improving Communities and Neighborhoods reported income of $59k and spending of $61k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $445 to $59k (+13188%), an average of +240% a year. The sharpest change came in the year to June 2020, when income rose by 9705%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, People Improving Communities and Neighborhoods sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Housing Works Harlem Housing Development Fund Corporation ($59k), Appalachian Affordable Housing ($59k) and Haverim Inc ($59k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$112k.