Peoples Settlement Assoc
EIN: 510065742 · Wilmington, DE
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $242K |
| Net Assets | $36K |
Is Peoples Settlement Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Peoples Settlement Assoc
Peoples Settlement Assoc (EIN: 510065742) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $8.3M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peoples Settlement Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peoples Settlement Assoc is a mid-size nonprofit that has been operating for 98 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $242K |
| Surplus / Deficit | $-39,911 |
| Total Assets | $65K |
| Total Liabilities | $29K |
| Net Assets | $36K |
| Operating Margin | -19.8% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 3.2 months |
Financial Health Grade: B
In 2023, Peoples Settlement Assoc reported a deficit of $40K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Peoples Settlement Assoc's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.6% | -18.4% | -44.0% |
| 2022 | +83.7% | +1.5% | -49.9% |
| 2021 | -3.1% | +9.1% | -43.4% |
| 2020 | +20.4% | -6.3% | -1.1% |
| 2019 | -16.5% | +3.5% | -18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1928 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Peoples Settlement Assoc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peoples Settlement Assoc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.1%.
Frequently Asked Questions about Peoples Settlement Assoc
Is Peoples Settlement Assoc a legitimate charity?
Peoples Settlement Assoc (EIN: 510065742) is a registered tax-exempt nonprofit based in Delaware. It has 14 years of IRS 990 filings on record. Total revenue: $8.3M. No red flags identified. Financial health grade: B.
How does Peoples Settlement Assoc spend its money?
Peoples Settlement Assoc reported $8.3M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Peoples Settlement Assoc tax-deductible?
Peoples Settlement Assoc is registered as a tax-exempt nonprofit (EIN: 510065742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Peoples Settlement Assoc located?
Peoples Settlement Assoc is headquartered in Wilmington, Delaware and files with the IRS under EIN 510065742.
How many years of IRS 990 filings does Peoples Settlement Assoc have?
Peoples Settlement Assoc has 14 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 $8.3M in total revenue.
Filing History
IRS 990 filing history for Peoples Settlement Assoc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Peoples Settlement Assoc's revenue has declined by 75.5%, moving from $826K to $202K. Total assets decreased by 93.2% over the same period, from $956K to $65K. Total functional expenses fell by 74.6%, from $954K to $242K. In its most recent filing year (2023), Peoples Settlement Assoc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $29K in liabilities against $65K in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $242K | $65K | $29K | — | View 990 |
| 2022 | $465K | $296K | $116K | $41K | — | View 990 |
| 2021 | $253K | $292K | $232K | $255K | — | View 990 |
| 2020 | $261K | $268K | $410K | $298K | — | View 990 |
| 2019 | $217K | $286K | $414K | $305K | — | View 990 |
| 2018 | $259K | $276K | $507K | $329K | — | — |
| 2017 | $156K | $255K | $530K | $356K | — | View 990 |
| 2016 | $216K | $289K | $660K | $389K | — | View 990 |
| 2015 | $277K | $287K | $750K | $410K | — | View 990 |
| 2014 | $252K | $330K | $812K | $464K | — | View 990 |
| 2013 | $519K | $594K | $900K | $481K | — | View 990 |
| 2012 | $526K | $586K | $1.0M | $500K | — | View 990 |
| 2011 | $845K | $778K | $856K | $428K | — | View 990 |
| 2010 | $826K | $954K | $956K | $608K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $202K, expenses of $242K, and assets of $65K (revenue -56.6% year-over-year).
- 2022: Revenue of $465K, expenses of $296K, and assets of $116K (revenue +83.7% year-over-year).
- 2021: Revenue of $253K, expenses of $292K, and assets of $232K (revenue -3.1% year-over-year).
- 2020: Revenue of $261K, expenses of $268K, and assets of $410K (revenue +20.4% year-over-year).
- 2019: Revenue of $217K, expenses of $286K, and assets of $414K (revenue -16.5% year-over-year).
- 2018: Revenue of $259K, expenses of $276K, and assets of $507K (revenue +66.3% year-over-year).
- 2017: Revenue of $156K, expenses of $255K, and assets of $530K (revenue -27.9% year-over-year).
- 2016: Revenue of $216K, expenses of $289K, and assets of $660K (revenue -21.9% year-over-year).
- 2015: Revenue of $277K, expenses of $287K, and assets of $750K (revenue +10.2% year-over-year).
- 2014: Revenue of $252K, expenses of $330K, and assets of $812K (revenue -51.6% year-over-year).
- 2013: Revenue of $519K, expenses of $594K, and assets of $900K (revenue -1.3% year-over-year).
- 2012: Revenue of $526K, expenses of $586K, and assets of $1.0M (revenue -37.7% year-over-year).
- 2011: Revenue of $845K, expenses of $778K, and assets of $856K (revenue +2.4% year-over-year).
- 2010: Revenue of $826K, expenses of $954K, and assets of $956K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peoples Settlement Assoc:
Data Sources and Methodology
This transparency report for Peoples Settlement Assoc 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.