PEOPLE SERVING PEOPLE CHARITIES INC

EIN: 411965067 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$6,404,990
Total Expenses
$26,021,457
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MN
Principal Officer
HOANG MURPHY
Phone
6123324500
Tax Period
2024-01-01 to 2024-12-31

PEOPLE SERVING PEOPLE CHARITIES INC, founded in 2000, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $26.0M exceeded revenue, resulting in a 306% operating deficit.

Mission

PEOPLE SERVING PEOPLE CHARITIES, INC'S MISSION IS TO PROVIDE SUPPORT SOLELY TO PEOPLE SERVING PEOPLE, INC. THIS SUPPORT INCLUDES FUNDRAISING, MARKETING, AND RECRUITING AND COORDINATING VOLUNTEERS. THIS ALLOWS PEOPLE SERVING PEOPLE, INC. TO PROVIDE PROGRAMMING AND SERVICES TO FAMILIES AT-RISK OF AND EXPERIENCING HOMELESSNESS IN AN EFFORT TO END FAMILY HOMELESSNESS IN HENNEPIN COUNTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,979,878
Program Service Revenue $1,436,134
Investment Income $1,996,992
Other Revenue $-8,014
TOTAL REVENUE $6,404,990

Expense Breakdown

Grants Paid $24,487,248
Salaries & Benefits $620,816
Fundraising Expenses $616,769
Program Expenses $25,170,039
Other Expenses $913,393
TOTAL EXPENSES $26,021,457

Year-over-Year Comparison

2024 2023 Change
Revenue $6,404,990 $5,633,325 +0.1%
Expenses $26,021,457 $5,101,966 +4.1%
Net Income $-19,616,467 $531,359 -37.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
14
Volunteers
1129

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$533,224
Total Directors
4
$222,415
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOANG MURPHY CHIEF EXECUTIVE OFFICER 5.00
Officer Director
$0 $11,658 $222,415
KEITH HUG BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN JACKSON VICE CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
CHARLOTTE KINZLEY DIRECTOR 1.00
Director
$0 $0 $0
JAKE GALE CHIEF OPERATIONS OFFICER 5.00
Officer
$0 $8,266 $158,266
TIM JANKA FINANCE DIRECTOR 5.00
Officer
$0 $15,820 $152,543
AMANDA FINMAN-PALMER DIRECTOR OF ADVANCEMENT 40.00
Highest
$121,577 $9,869 $131,446
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,404,990 $26,021,457 No data $-19,616,467
2023 $5,633,325 $5,101,966 $22,274,811 $531,359
2022 $5,063,319 $2,974,302 $21,607,389 $2,089,017
2021 $5,966,732 $4,665,725 $20,919,936 $1,301,007
2020 $6,227,451 $4,089,286 $20,215,789 $2,138,165
2019 $4,094,694 $4,608,200 $18,117,467 $-513,506
2018 $4,002,007 $5,164,939 $17,031,953 $-1,162,932
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