Peoples Foundation

Analysis

Peoples Foundation is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in June 2016, 10 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 Foundation reported income of $475k and spending of $360k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $475k (+95%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peoples Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Robert E Berry Halfway House Inc ($474k), Golden Isles Veterans Village Inc ($475k) and Lakes Region Food Pantry ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $203k. At year end it held assets of $718k against liabilities of $1,848, net assets of $716k. It reported 19 employees.