Peoples Forum Inc

Analysis

Peoples Forum Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Peoples Forum Inc reported income of $1.3m and spending of $3.7m, spending 277% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.3m to $1.3m (-91%), an average of -46% a year. The sharpest change came in the year to December 2022, when income rose by 810%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peoples Forum Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Hope House Rescue Mission Inc ($1.3m), Brian P Stack Civic Association Inc ($1.3m) and Unitas Therapeutic Community Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $74k (2.0% of expenses). Other salaries and wages came to $446k. At year end it held assets of $16.4m against liabilities of $5.7m, net assets of $10.7m.