Public Charity

PEOPLE INCORPORATED FINANCIAL SERVICES INC

PEOPLE INCORPORATED FINANCIAL SERVICES INC, of ABINGDON, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.5M in revenue, $2.6M in expenses, $8.1M in total assets. 2 publicly reported grants to this organization, totaling roughly $215K, appear in IRS filings.

EIN: 541989160 ABINGDON, VA Latest filing: 2025
Total Revenue$3.5M
Total Expenses$2.6M
Total Assets$8.1M
Grant Records2
Funding Total$215K
Filing Years2021–2025

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.

Officers & Directors

DIRECTOR Alice Meade
VICE-CHAIR Billy Taylor
PRESIDENT/CEO Bryan Phipps
CHAIR Charlotte Mullins
DIRECTOR (THRU 07/2025) Chris Shortridge
SECRETARY David Mccracken

Officer compensation and complete director data available with membership.

Top Grant Purposes

EMERGENCY BUSINESS ASSISTANCE GRANT
$115,000 1 grant
COVID-19 GRANT
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.5M $2.6M $8.1M
2024 $2.2M $2.3M $8.7M
2023 $3.2M $2.8M $11.1M
2022 $4.7M $4.2M $9.8M
2021 $2.7M $2.1M $9.5M

Between 2021 and 2025, reported annual revenue grew from $2.7M to $3.5M (+30%), with total assets most recently reported at $8.1M.

Interactive year-over-year charts and full filing details available with membership.

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