Peoples Express Inc
Peoples Express Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 134360351 · Whitmore Lake, MI · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.4M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| Net Assets | $3.8M |
| Transparency Score | 90/100 |
Is Peoples Express Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peoples Express Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peoples Express Inc
Peoples Express Inc (EIN: 134360351) is a nonprofit organization based in Whitmore Lake, MI, classified under NTEE code P80. The organization reported total revenue of $10.4M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peoples Express Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peoples Express Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$419K |
| Total Assets | $4.7M |
| Total Liabilities | $934K |
| Net Assets | $3.8M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Peoples Express Inc reported a surplus of $419K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peoples Express Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.2% | +71.1% | +32.4% |
| 2022 | +38.2% | +32.3% | +22.4% |
| 2021 | +4.9% | +31.6% | +21.9% |
| 2020 | +57.5% | +16.5% | +50.8% |
| 2019 | +19.1% | +22.5% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peoples Express Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Peoples Express Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $419K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
Peoples Express Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is a highly positive sign, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, allowing more funds to be directed towards the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Peoples Express Inc:
- Consistent and significant revenue growth over the past decade.
- Strong financial health with assets consistently exceeding liabilities.
- Zero reported officer compensation, indicating high efficiency in directing funds to mission.
- Consistent positive net income (revenue exceeding expenses) in most years, allowing for asset accumulation.
- Long history of IRS 990 filings (13 periods), demonstrating transparency.
Frequently Asked Questions about Peoples Express Inc
Is Peoples Express Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Peoples Express Inc (EIN: 134360351) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Peoples Express Inc spend its money?
Peoples Express Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peoples Express Inc tax-deductible?
Peoples Express Inc is registered as a tax-exempt nonprofit (EIN: 134360351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Peoples Express Inc's spending goes to programs?
Peoples Express Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peoples Express Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Peoples Express Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peoples Express Inc located?
Peoples Express Inc is headquartered in Whitmore Lake, Michigan and files with the IRS under EIN 134360351. It is classified under NTEE code P80.
How many years of IRS 990 filings does Peoples Express Inc have?
Peoples Express Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.4M in total revenue.
Is Peoples Express Inc financially stable?
Yes, Peoples Express Inc appears financially stable. Its revenue has grown significantly over the past decade, and its assets consistently exceed liabilities, indicating a healthy balance sheet. For example, in 2023, assets were $4,711,446 against liabilities of $933,855.
How has Peoples Express Inc's revenue changed over time?
Peoples Express Inc has experienced substantial revenue growth. Revenue increased from $887,591 in 2014 to $5,621,997 in 2023, demonstrating a strong upward trend.
Does Peoples Express Inc pay its officers?
Based on the provided IRS 990 data, Peoples Express Inc consistently reports 0% officer compensation across all 13 filings, suggesting that officers are not compensated through traditional salaries reported in this category.
What is the organization's asset-to-liability ratio?
In 2023, Peoples Express Inc had assets of $4,711,446 and liabilities of $933,855, resulting in an asset-to-liability ratio of approximately 5.04:1, which is a very strong indicator of financial health.
Filing History
IRS 990 filing history for Peoples Express Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peoples Express Inc's revenue has grown by 526.2%, moving from $898K to $5.6M. Total assets increased by 616.2% over the same period, from $658K to $4.7M. Total functional expenses rose by 547.2%, from $804K to $5.2M. In its most recent filing year (2023), Peoples Express Inc reported a surplus of $419K, with revenue exceeding expenses. The organization holds $934K in liabilities against $4.7M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $5.2M | $4.7M | $934K | — | View 990 |
| 2022 | $3.7M | $3.0M | $3.6M | $201K | — | — |
| 2021 | $2.7M | $2.3M | $2.9M | $250K | — | View 990 |
| 2020 | $2.6M | $1.7M | $2.4M | $97K | — | View 990 |
| 2019 | $1.6M | $1.5M | $1.6M | $129K | — | View 990 |
| 2018 | $1.4M | $1.2M | $1.3M | $25K | — | View 990 |
| 2017 | $1.5M | $1.3M | $1.2M | $3K | — | View 990 |
| 2016 | $1.0M | $972K | $1.0M | $21K | — | View 990 |
| 2015 | $1.2M | $1.1M | $802K | $75K | — | View 990 |
| 2014 | $888K | $741K | $1.2M | $49K | — | View 990 |
| 2013 | $871K | $687K | $1.1M | $81K | — | View 990 |
| 2012 | $622K | $637K | $790K | $145K | — | View 990 |
| 2011 | $898K | $804K | $658K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $5.2M, and assets of $4.7M (revenue +50.2% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.0M, and assets of $3.6M (revenue +38.2% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.3M, and assets of $2.9M (revenue +4.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.7M, and assets of $2.4M (revenue +57.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $1.6M (revenue +19.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $1.3M (revenue -6.0% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $1.2M (revenue +41.0% year-over-year).
- 2016: Revenue of $1.0M, expenses of $972K, and assets of $1.0M (revenue -12.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $802K (revenue +33.3% year-over-year).
- 2014: Revenue of $888K, expenses of $741K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2013: Revenue of $871K, expenses of $687K, and assets of $1.1M (revenue +40.0% year-over-year).
- 2012: Revenue of $622K, expenses of $637K, and assets of $790K (revenue -30.7% year-over-year).
- 2011: Revenue of $898K, expenses of $804K, and assets of $658K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peoples Express Inc:
Data Sources and Methodology
This transparency report for Peoples Express Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.