Peoples Center Investment Corporation

Analysis

Peoples Center Investment Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peoples Center Investment Corporation reported income of $112k and spending of $79k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $18k to $112k (+510%), an average of +147% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peoples Center Investment Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Inner Light Midwifery Inc ($112k), Sails Up 4 Cancer Inc ($112k) and Vincent MC Gowan Foundation a NJ Nonprofit Corporation ($112k).

At year end it held assets of $4.9m against liabilities of $1.7m, net assets of $3.2m.