People of Faith Inc

Analysis

People of Faith Inc is a registered charity in United States, based in Sun City, AZ. It received its IRS tax-exemption ruling in March 1982, 44 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 February 2023, People of Faith Inc reported income of $33.8m and spending of $36.5m, spending 108% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income grew from $33.3m to $33.8m (+1.5%), an average of +0.5% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, People of Faith Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Westminster-Canterbury of Winchester Inc ($33.8m), Money Management International Inc ($33.8m) and Access Care Partners ($33.7m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 1.8% and program service revenue 89% of the total. Other salaries and wages came to $14.7m. At year end it held assets of $269.9m against liabilities of $220.8m, net assets of $49.0m. It reported 500 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.