“Providing consistent support to the most vulnerable in our community has always been a priority at People Helping People, but they have also worked hard to be fiscally responsible to ensure they can continue their work years into the future.” -Melissa Petersen, C.P.A., Auditor
PHP’s financial statements undergo an audit by an independent C.P.A. each year. PHP has consistently received an “unqualified” opinion in the over ten years that PHP has received an audit. For Fiscal Year 2015-16, PHP did not receive a management letter, which means there were no accounting issues that needed to be addressed.
People Helping People’s fiscal year runs from July 1 through June 30. The most current audited financial statements available are from fiscal year 2015-16. PHP’s overhead costs remain extremely low as a percentage of total expense. Administrative expenses in 2015-16 were a total of 3% of expense.