Virginia · Nonprofit
PEOPLE INCORPORATED FINANCIAL SERVICES INC
PEOPLE INCORPORATED FINANCIAL SERVICES INC (Virginia) receives grants from 2 organizations whose IRS filings report $215,000 to it, the largest being APPALACHIAN COMMUNITY CAPITAL CORPORATION ($115,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $3.5M
- Funders on record
- 2
- Grants received
- $215k
- Net assets
- $5.6M
What People Incorporated Financial Services Inc does
Mission
To promote the economic self-sufficiency and a better quality of life for the citizens of the region through small business ownership, job creation, and asset development. In support of this goal, people financial services provides business and financial literacy training, individual technical assistance, and marketing services to entrepreneurs and others throughout the region.
As stated on its FY2025 Form 990.
Program
Business and financial literacy training, individual technical assistance, and marketing services to entrepreneurs and others throughout the region. 125 jobs were created and retained as a result of community economic development program activities. Business lending & training: 1,128 entrepreneurs received small business development lending and training services to successfully manage their own business. Consumer lending & education: 387 individuals received financial literacy training and access to affordable financing to meet their short term needs.
$2,492,477 spent$1,960,786 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $2,492,477.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $11M to $8.7M (−21%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 47% · 2018 13% · 2019 24% · 2020 34% · 2021 45% · 2022 49% · 2023 51% · 2024 34% · 2025 31%. Grants only. Government contracts and fees sit inside program revenue.
33% of PEOPLE INCORPORATED FINANCIAL SERVICES INC’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Bryan Phipps
President/CEO
Board chair
Charlotte Mullins
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of PEOPLE INCORPORATED FINANCIAL SERVICES INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PEOPLE INCORPORATED FINANCIAL SERVICES INC leans on a few funders — its largest provides 53% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PEOPLE INCORPORATED FINANCIAL SERVICES INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
53% of PEOPLE INCORPORATED FINANCIAL SERVICES INC's grant income comes from Virginia funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PEOPLE INCORPORATED FINANCIAL SERVICES INC runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding PEOPLE INCORPORATED FINANCIAL SERVICES INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.6M on record.
- Department of the Treasury$3.2M
- Small Business Administration$339k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PEOPLE INCORPORATED FINANCIAL SERVICES INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- People Incorporated Housing Group · exempt
- People Incorporated of Virginia · exempt
Screen this organization
A dated, signed PDF of the compliance screen for PEOPLE INCORPORATED FINANCIAL SERVICES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PEOPLE INCORPORATED FINANCIAL SERVICES INC?
- PEOPLE INCORPORATED FINANCIAL SERVICES INC (Virginia) receives grants from 2 organizations whose IRS filings report $215,000 to it, the largest being APPALACHIAN COMMUNITY CAPITAL CORPORATION ($115,000). 0 of them have funded it in more than one year.
- How many funders does PEOPLE INCORPORATED FINANCIAL SERVICES INC have?
- IRS filings report 2 organizations giving $215,000 in grants to PEOPLE INCORPORATED FINANCIAL SERVICES INC.
- Who is the largest funder of PEOPLE INCORPORATED FINANCIAL SERVICES INC?
- APPALACHIAN COMMUNITY CAPITAL CORPORATION is the largest funder on record, with $115,000 in grants. The full list of funders is on this page.
- How can an organization like PEOPLE INCORPORATED FINANCIAL SERVICES INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds People Incorporated Financial Services →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing