Overview
What is People Serving People Charities Inc?
People Serving People Charities Inc is a nonprofit organization situated in Minneapolis, Minnesota. Its primary mission is to support People Serving People Inc., the largest and most comprehensive emergency shelter for families experiencing homelessness in Minnesota. The charity aims to prevent homelessness through initiatives like early childhood education and advocating for improved trauma-informed care. The support provided by People Serving People Charities Inc. encompasses fundraising, marketing, and coordinating volunteers, enabling People Serving People Inc. to offer programming and services to families at risk of or experiencing homelessness in Hennepin County. The goal is to ultimately end family homelessness in the area. The organization employs a team of ten individuals in its mission to transform communities and provide support to families in need.
Official website here: www.peopleservingpeople.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
People Serving People Charities Inc has achieved a commendable 95% rating from Charity Navigator, indicating a high level of accountability and financial management. Their score reflects a strong emphasis on financial transparency and operational efficiency, with all ten board members being independent, ensuring unbiased governance. The absence of any material diversion of assets further bolsters their integrity, and their fiscal practices are robust, including a solid program expense ratio of 79.72%.
The organization demonstrates excellent fundraising efficiency, with a ratio of $0.17 spent to raise $1, which reflects their commitment to minimizing fundraising costs while maximizing program delivery. Their working capital ratio of 4.78 years suggests a secure financial position, allowing them to manage obligations effectively and sustain operations over time. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, signals a strong internal control environment.
While the organization excels in various financial metrics, potential donors and stakeholders might look for qualitative information about the impact of their programs and services. Overall, People Serving People Charities Inc stands out as a well-managed nonprofit with a strong commitment to accountability, transparency, and operational excellence.
This AI summary has been generated from information found on Charity Navigator.
Is People Serving People Charities Inc legitimate?
People Serving People Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. People Serving People Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $423,935
For more financial information, click here
Official website here: www.peopleservingpeople.org
What is the mission statement of People Serving People Charities Inc?
People Serving People Charities Inc's mission is centered around providing support to its affiliated organization, People Serving People. This support primarily involves fundraising, marketing, and coordinating volunteers. By doing so, People Serving People can provide programming and services to families at risk of or experiencing homelessness in Hennepin County. The ultimate goal is to break the cycle of poverty and help these families thrive, contributing to the eradication of family homelessness in the area.
Official website here: www.peopleservingpeople.org
Who is the CEO of People Serving People Charities Inc?
Rinal Ray is the Chief Executive Officer of People Serving People Charities Inc. The CEO's salary of People Serving People Charities Inc is $0 and their total compensation is $182,877.
Official website here: www.peopleservingpeople.org
What is the revenue of People Serving People Charities Inc?
People Serving People Charities Inc's revenue in 2022 was $5,063,319.
Official website here: www.peopleservingpeople.org
Who are the executives of People Serving People Charities Inc and what are their salaries?
The average compensation at People Serving People Charities Inc during 2022 was $42,394. There are 10 employees and 223 volunteers at People Serving People Charities Inc.
Here are 7 key members and their salaries (People Serving People Charities Inc's CEO's salary is $0 and their total compensation is $182,877):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $171,723
- Other: $11,154
- Compensation: $0
- Related: $106,070
- Other: $9,465
- Compensation: $0
- Related: $108,253
- Other: $7,030
Official website here: www.peopleservingpeople.org
Where can I find the form 990 for People Serving People Charities Inc?
People Serving People Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peopleservingpeople.org
Learn more at the official website: www.peopleservingpeople.org
Mission Statement of People Serving People Charities Inc
People Serving People Charities, Inc., an organization dedicated to its namesake, People Serving People, Inc., aims to provide unwavering support. This backing encompasses various aspects such as fundraising, marketing, and volunteer coordination. The primary purpose of this assistance is to empower People Serving People, Inc. to deliver programming and services to families who are at risk of or currently experiencing homelessness. The ultimate goal of People Serving People Charities, Inc. is to contribute to the eradication of family homelessness in Hennepin County, thereby enabling these families to thrive.
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Impact
July, 2024
"People Serving People Charities Inc's impact is significant in providing crucial support to People Serving People, Inc. This support enables People Serving People, Inc. to offer essential programming and services aimed at breaking the cycle of poverty and helping families thrive. By providing financial and in-kind support to People Serving People, Inc., the organization contributes to its mission of being the largest and most comprehensive emergency shelter for families experiencing homelessness in Minnesota. Additionally, by focusing on early childhood education and working to change systems to improve trauma-informed care, People Serving People Charities Inc plays a vital role in preventing homelessness and envisioning healed families and transformed communities in Hennepin County."
This information is meant to be a general summary of People Serving People Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $249,307
- Program Service Revenue: $2,069,036
- Gross Receipts: $10,775,926
Assets and Liabilities:
- Total Assets: $21,607,389
- Total Liabilities: $2,867,868
- Net Assets: $18,739,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PSP RENT
Revenue
$1,378,700
GOVERNMENT CONTRACTS
Revenue
$612,412
PSP SUPPORT SERVICES
Revenue
$77,924
Organization Details
Founding Year
2000
Phone
(612) 332-4500Principal Officer
Rinal Ray
Main Address
614 SOUTH THIRD STREET, MINNEAPOLIS, MN, 554151104
Website
www.peopleservingpeople.orgNTEE Category
Code: B116 - Education
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