Peoples Impact Network Inc

Analysis

Peoples Impact Network Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Peoples Impact Network Inc reported income of $214k and spending of $162k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $214k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peoples Impact Network Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Power of Hope Foundation ($214k), San Diego Harbor Police Foundation ($214k) and Childrens Chain ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $237k against liabilities of $868, net assets of $236k.