People Incorporated Housing Group

Analysis

People Incorporated Housing Group is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in June 2003, 23 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 (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 Housing Group reported income of $7.4m and spending of $6.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.4m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, People Incorporated Housing Group 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 94th percentile within VA. Charities of a similar size with the same main cause include East County Transitional Living Center Inc ($7.4m), New Hope Community Capital Inc ($7.4m) and Habitat for Humanity International Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $24.2m against liabilities of $7.4m, net assets of $16.8m.