Peoples Channel

Analysis

Peoples Channel is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peoples Channel reported income of $208k and spending of $238k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $208k (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peoples Channel sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Southwest Roots Music Inc ($208k), Birth2work ($208k) and The Forum Inc ($208k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $152k. At year end it held assets of $207k against liabilities of $0, net assets of $207k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.