People Incorporated of Virginia

Analysis

People Incorporated of Virginia is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in February 1967, 59 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, People Incorporated of Virginia reported income of $18.9m and spending of $17.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.9m to $18.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, People Incorporated of Virginia sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Seattle Childrens Guild Association ($18.9m), The Legal Aid Society of Westchester County ($18.9m) and Big Bend Cares Inc ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $1.8m (10% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $22.2m against liabilities of $8.9m, net assets of $13.3m. It reported 321 employees.