People Assisting the Homeless Inc

Analysis

People Assisting the Homeless Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2023, People Assisting the Homeless Inc reported income of $677k and spending of $654k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $572k to $677k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, People Assisting the Homeless Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include National Progress Alliance ($677k), City Center Outreach Inc ($677k) and Second Chance Global ($677k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $61k (9.4% of expenses). Other salaries and wages came to $366k. At year end it held assets of $670k against liabilities of $34k, net assets of $635k. It reported 31 employees.