Peoples Homesteading Group Inc

Analysis

Peoples Homesteading Group Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1984, 42 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 Homesteading Group Inc reported income of $193k and spending of $186k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $187k to $193k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 80%. 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 Homesteading Group Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Working Dogs for Vets ($193k), Community Fund of Sun City West Inc ($193k) and PTA California Congress of Parents Teachers & Students Inc ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $4,005 (2.2% of expenses). At year end it held assets of $1.3m against liabilities of $782k, net assets of $506k. It reported 1 employees.