Peoples Settlement Assoc

Analysis

Peoples Settlement Assoc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1928, 98 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 December 2023, Peoples Settlement Assoc reported income of $202k and spending of $242k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $217k to $202k (-6.8%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peoples Settlement Assoc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 49th percentile within DE. Charities of a similar size with the same main cause include North Penn Music Aides Inc ($202k), Homefields ($202k) and Bethel Gum Pond Volunteer Fire Department ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $33k (14% of expenses). Other salaries and wages came to $30k. At year end it held assets of $65k against liabilities of $29k, net assets of $36k. It reported 4 employees.