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PEOPLE INCORPORATED FINANCIAL SERVICES INC

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Public IRS 990 nonprofit record

PEOPLE INCORPORATED FINANCIAL SERVICES INC

EIN 54-1989160 · Neighborhood & Block Associations (S22)

What they do

to PROMOTE THE ECONOMIC SELF-SUFFICIENCY and A BETTER QUALITY of LIFE for THE CITIZENS of THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, and ASSET DEVELOPMENT. IN SUPPORT of THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS and FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, and MARKETING SERVICES to ENTREPRENEURS and OTHERS THROUGHOUT THE REGION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $95.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.36%of revenue went to mission work95.0% of expenses · Program services
$74.05spent for every $100 of revenueRevenue covered expenses this year.
3.69%of revenue went to management and office costs5.0% of expenses
$3.08in assets for every $1 spent this yearSome assets cannot be spent right away.
32.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,634 for BRYAN PHIPPS (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,542,230
Mission workProgram services$2,492,47770.36% of revenue95.0% of expenses
ManagementOffice and general costs$130,7123.69% of revenue5.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$919,04125.95% of revenueShown in gray on the chart
Total expenses$2,623,18974.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 95.0% mission · 5.0% management · 0.0% fundraisingTotal expenses: 74.05% of revenue
2023Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 105.63% of revenue
2022Expense mix: 77.8% mission · 22.2% management · 0.0% fundraisingTotal expenses: 89.32% of revenue
2021Expense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 89.05% of revenue
2020Expense mix: 78.4% mission · 21.6% management · 0.0% fundraisingTotal expenses: 78.58% of revenue
2019Expense mix: 75.9% mission · 24.1% management · 0.0% fundraisingTotal expenses: 88.41% of revenue
2018Expense mix: 72.2% mission · 27.8% management · 0.0% fundraisingTotal expenses: 95.68% of revenue
2017Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 98.86% of revenue

Money in and money out

Revenue$3,542,230
Expenses$2,623,189
Annual surplus $919,041 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,492,477 · 95.0% of expenses
Management and office costs$130,712 · 5.0% of expenses
See all reported dollar amounts
Revenue$3,542,230
Expenses$2,623,189
Assets$8,083,485
Income$3,542,230
Contributions$1,155,175
Mission work (program services)$2,492,477
Management and general$130,712
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BRYAN PHIPPSPRESIDENT/CEO · 1 hrs/week $3,634Base · Other $3,634

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

BRYAN PHIPPSPRESIDENT/CEO

ALICE MEADEDIRECTOR

BILLY TAYLORVICE-CHAIR

CHARLOTTE MULLINSCHAIR

CHRIS SHORTRIDGEDIRECTOR (THRU 07/2025)

DAVID MCCRACKENSECRETARY

JAN SELBODIRECTOR

PEGGY KISERDIRECTOR

SHELIA COMBS TUGGLETREASURER (THRU 05/2025)

WILLIAM BUTLERDIRECTOR

About this charity

Recognized since
January 2002
Location
1173 W MAIN ST, ABINGDON, VA 24210-4703
County
Washington
In care of
BRYAN PHIPPS
Primary officer
BRYAN PHIPPS, CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
WIPFLI ADVISORY LLC
NTEE classification
Neighborhood & Block Associations (S22)
IRS tax category
Neighborhood & Block Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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