Peoples Place II Inc

Analysis

Peoples Place II Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Place II Inc reported income of $8.3m and spending of $8.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $8.3m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peoples Place II Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Clermont Senior Services Inc ($8.3m), Central Pennsylvania Community Action Inc ($8.3m) and Gibson County Area Rehabilitation Centers Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $97k (1.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $5.7m against liabilities of $573k, net assets of $5.1m. It reported 177 employees.