Peoples Store
EIN: 450324580 · Forbes, ND · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $7K |
| Net Assets | $59K |
Is Peoples Store Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Peoples Store
Peoples Store (EIN: 450324580) is a nonprofit organization based in Forbes, ND, classified under NTEE code S99. The organization reported total revenue of $61K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peoples Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peoples Store is a micro nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -18.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $7K |
| Surplus / Deficit | $-645 |
| Total Assets | $59K |
| Net Assets | $59K |
| Operating Margin | -9.4% |
| Months of Reserves | 94.1 months |
Financial Health Grade: B
In 2019, Peoples Store reported a deficit of $645 with expenses exceeding revenue, holds 94.1 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2019), Peoples Store's revenue has declined at a compound annual growth rate (CAGR) of -18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -82.7% | -87.8% | -1.1% |
| 2018 | +8.2% | +69.0% | -26.6% |
| 2017 | -16.0% | -7.1% | +0.6% |
| 2016 | -13.7% | +4.4% | +6.2% |
| 2015 | +11.7% | -12.9% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Peoples Store 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 Store 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $645, with expenses exceeding revenue.
Frequently Asked Questions about Peoples Store
Is Peoples Store a legitimate charity?
Based on AI analysis of IRS 990 filings, Peoples Store (EIN: 450324580) insufficient data. 0 red flags identified, 0 strengths noted.
How does Peoples Store spend its money?
Detailed spending breakdown data is not yet available for Peoples Store. Check back for updated IRS 990 analysis.
Are donations to Peoples Store tax-deductible?
Peoples Store is registered as a tax-exempt nonprofit (EIN: 450324580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Peoples Store located?
Peoples Store is headquartered in Forbes, North Dakota and files with the IRS under EIN 450324580. It is classified under NTEE code S99.
How many years of IRS 990 filings does Peoples Store have?
Peoples Store has 9 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 $61K in total revenue.
Filing History
IRS 990 filing history for Peoples Store showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Peoples Store's revenue has declined by 81.3%, moving from $37K to $7K. Total assets increased by 18.5% over the same period, from $50K to $59K. Total functional expenses fell by 76.5%, from $32K to $7K. In its most recent filing year (2019), Peoples Store reported a deficit of $645, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $7K | $7K | $59K | $0 | — | View 990 |
| 2018 | $40K | $61K | $59K | $0 | — | View 990 |
| 2017 | $37K | $36K | $81K | $0 | — | — |
| 2016 | $44K | $39K | $80K | $0 | — | — |
| 2015 | $50K | $37K | $76K | $0 | — | — |
| 2014 | $45K | $43K | $62K | $0 | — | — |
| 2013 | $43K | $36K | $60K | $0 | — | — |
| 2012 | $39K | $35K | $53K | $0 | — | — |
| 2011 | $37K | $32K | $50K | $0 | — | — |
Year-by-Year Financial Summary
- 2019: Revenue of $7K, expenses of $7K, and assets of $59K (revenue -82.7% year-over-year).
- 2018: Revenue of $40K, expenses of $61K, and assets of $59K (revenue +8.2% year-over-year).
- 2017: Revenue of $37K, expenses of $36K, and assets of $81K (revenue -16.0% year-over-year).
- 2016: Revenue of $44K, expenses of $39K, and assets of $80K (revenue -13.7% year-over-year).
- 2015: Revenue of $50K, expenses of $37K, and assets of $76K (revenue +11.7% year-over-year).
- 2014: Revenue of $45K, expenses of $43K, and assets of $62K (revenue +6.3% year-over-year).
- 2013: Revenue of $43K, expenses of $36K, and assets of $60K (revenue +9.8% year-over-year).
- 2012: Revenue of $39K, expenses of $35K, and assets of $53K (revenue +6.0% year-over-year).
- 2011: Revenue of $37K, expenses of $32K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peoples Store:
Data Sources and Methodology
This transparency report for Peoples Store 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.