Pine Tree Society Inc

Analysis

Pine Tree Society Inc is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pine Tree Society Inc reported income of $10.6m and spending of $10.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $10.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pine Tree Society Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Richmond Elementary School Inc ($10.6m), The Gesu School Inc ($10.6m) and Knowledge Academies Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $399k (3.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $38.6m against liabilities of $1.2m, net assets of $37.5m. It reported 208 employees.