People in Need Inc

Analysis

People in Need Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, People in Need Inc reported income of $106k and spending of $108k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $106k (+17%), an average of +8.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, People in Need Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Truth for Youth Inc ($106k), Operation Up-Lift Inc ($106k) and Family Impact Centers ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (9.9% of expenses). At year end it held assets of $1,012 against liabilities of $0, net assets of $1,012.