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Peoplefund at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

Peoplefund

PEOPLEFUND creates economic opportunity and financial stability for underserved people and communities by providing access to capital, education, and resources to build healthy small businesses.

$1.3M
Granted FY2022
7
Grants FY2022
7
States reached
$300k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2022.

Community Improvement$1.2M
02FY2022 · 7 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 7 grants below total $968,675, the rows itemized in this filing. The $1,286,075 headline is the total grant expense on the return; the other $317,400 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2022

  • $10k–50k1 grant · $34k
  • $50k–250k5 grants · $635k
  • $250k+1 grant · $300k
$130,000
Median grant
7
States reached
$98M
Total assets
Largest grants
RecipientAmount
ACCESS TO CAPITAL FOR ENTREPRENEURS INC$300,000
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC$215,175
BLACK BUSINESS INVESTMENTS FUND INC$140,000
SEATTLE ECONOMIC DEVELOPMENT FUND DBA BUSINESS IMPACT NW$130,000
WISCONSIN WOMENS BUSINESS INITIATIVE$100,000
PURSUIT (NYBDC)$50,000
COLORADO ENTERPRISE FUND INC$33,500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY21–22) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 86% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%PURSUIT (NYBDC): $50k → 14%BLACK BUSINESS INVESTMENT FUND INC: $160k → 13%WISCONSIN WOMENS BUSINESS INITIATIVE: $100k → 17%SOUTHEAST COMMUNITY CAPITAL CORPORATION DBA PATHWAY LENDING: $20k → 14%ACCESS TO CAPITAL FOR ENTREPRENEURS INC: $300k → 12%COLORADO ENTERPRISE FUND INC: $34k → 12%ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC: $215k → 15%SEATTLE ECONOMIC DEVELOPMENT FUND DBA BUSINESS IMPACT NW: $130k → 9%NYBDC LOCAL DEVELOPMENT CORPORATION: $50k → 14%BLACK BUSINESS INVESTMENTS FUND INC: $140k → 13%SEATTLE ECONOMIC DEVELOPMENT FUND DBA BUSINESS IMPACT NORTHWEST: $49k → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
WI
NY
OH
CO
TN
GA
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

46%of every dollar goes to organizations it has funded before.
$579k · 3 repeat orgs$669k to everyone else

3 repeat relationships: 3 still active in FY2022, 0 since wound down; 4 grantees were first funded in FY2022 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

3
1

Total granted

$579k
$20k

Median revenue growth · since first grant

+12%
+189%

Still filing today

100%
100%

New vs renewed · share of each year

In FY2022, 33% of grant dollars renewed an existing relationship; $649k went to new ones.

50%100%’21’22
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’21’22
Community ImprovementEmploymentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • BB
    BLACK BUSINESS INVESTMENT FUND INC
    2× · 2021–2022 · $300k · revenue -35%
  • SE
    SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW
    2× · 2021–2022 · $179k · revenue +16%
  • NL
    NYBDC LOCAL DEVELOPMENT CORPORATION
    2× · 2021–2022 · $100k · revenue +12%

Funded once

  • SC
    SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDINGgraduated
    one grant, 2021 · $20k · revenue +189%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Racine County Economic Development Corporation

To provide economic development services including business recruitment, expansion, business financing, community and workforce development.

Human Services
2
Small Business Development Corporation of Orange County

To provide financial assistance to small businesses. the organization is primarily involved in economic development lending activities providing state loan guarantees to bank and non-bank lenders through the state loan guarantee program…

Community Improvement
3
Edc Loan Corporation

Provide loans to qualified businesses in the corporation's targeted area.

—
4
Community Capital of Vermont

To help small businesses and lower income entrepreneurs prosper through the provision of flexible business financing.

Community Improvement
5
Washington Area Community Investment Fund Inc

The washington area community investment fund (wacif) is a nonprofit community loan fund focused on increasing equity and economic opportunity in the washington, dc area's underserved communities. wacif's mission is driven is driven by…

—
6
Union County Economic Development Corp

Promote & develop economic growth in new jersey by providing financial and technical assistance to small businesses.

Community Improvement
7
Appalachian Community Capital Development Foundation

To increase small business lending by providing appalachian member institutions that serve underserved people and communities with new sources of capital.

Philanthropy
8
Small Business Empowerment Fund Cdfi

A community development financial institution or community development finance institution - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations,…

Community Improvement
9
The Enterprise Center Capital Corporation

The enterprise center capital corporation's mission is to provide debt and equity capital that businesses need to start, grow and succeed.

—
10
Cdc Small Business Finance Corporation

We help build inclusive and equitable communities by providing people access to the capital and opportunities they deserve.

Community Improvement
11
African Development Center

Grow businesses, build wealth and increase reinvestement in the african communities of minnesota

Human Services
12
Bin Sba Loan

To provide loan financing and support to serve the needs of and benefit small business and residents in the state of washington.

Public Benefit
How this is measured
The grantee most central to the portfolio’s shape is Access to Capital for Entrepreneurs Inc; the most unlike its peers is Black Business Investment Fund Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

8 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
0
Early backer (in before they grew)
8/8
Grantees still filing
4/8
Grew since first funded

Where the money sits, by cause and then by grantee

BLACK BUSINESS INVESTMENT FUND INC: $300,000 · OtherBLACK BUSINESS INVESTMENT FUND INCECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE: $215,175 · OtherECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTEWISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION: $100,000 · OtherWISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATIONACCESS TO CAPITAL FOR ENTREPRENEURS INC: $300,000 · Community ImprovementACCESS TO CAPITAL FOR ENTREPRENEURS INCSEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW: $178,825 · Community ImprovementSEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NWNYBDC LOCAL DEVELOPMENT CORPORATION: $100,000 · Community ImprovementNYBDC LOCAL DEVELOPMENT CORPORATIONCOLORADO ENTERPRISE FUND: $33,500 · Community ImprovementCOLORADO ENTERPRISE FUNDSOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING: $20,000 · Employment
Other$615,175Community Improvement$612,325Employment$20,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10Mgrantee revenue →↑ funder's share of their budgetACCESS TO CAPITAL FOR ENTREPRENEURS INC: $300,000 over 1y, 2.2% of budgetBLACK BUSINESS INVESTMENT FUND INC: $300,000 over 2y, 2.5% of budgetECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE: $215,175 over 1y, 1.1% of budgetSEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW: $178,825 over 2y, 1.4% of budgetNYBDC LOCAL DEVELOPMENT CORPORATION: $100,000 over 2y, 0.4% of budgetWISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION: $100,000 over 1y, 1.0% of budgetCOLORADO ENTERPRISE FUND: $33,500 over 1y, 0.2% of budgetSOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING: $20,000 over 1y, 0.1% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Opportunity Finance N…Community Reinvestmen…Jpmorgan Chase Founda…Local Initiatives Sup…The Bank of America C…Amazonsmile Foundation
Opportunity Finance NetworkDC19.9× affinity7 shared granteesties to 5 of 5Hover any node to trace its alignments.Compare side by side →

Open a dossier: Opportunity Finance Network · Community Reinvestment Fund Inc · Jpmorgan Chase Foundation · Local Initiatives Support Corporation · The Bank of America Charitable Foundation Inc · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Peoplefund funds: left to right is the share of its income from government, bottom to top the share from Peoplefund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%0%1%3%5%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 9%
  • Black Business Investment Fund Inc: 9% of income from government
no gov moneyreceives it· size = income
0get no government money at all
1report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–75%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 8 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2022, released 2022. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2024) is on record and reports $495k of grant expense, but none of it to a named recipient. On a Form 990 that can mean grants abroad, filed by region only (Schedule F), grants under $5,000, which are not itemized, or a schedule referenced as an attachment the e-file does not carry. The figures above are therefore from FY2022, the most recent year this funder named its grantees.

Source object · view filing

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More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home