Pinewood Manor Inc

Analysis

Pinewood Manor Inc is a registered charity in United States, based in Ocean Park, ME. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pinewood Manor Inc reported income of $824k and spending of $845k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $641k to $824k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pinewood Manor Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Maplehill Mobile Home Park Residents Assoc ($824k), Riverview Apartments Inc ($825k) and Syringa Housing Corporation ($823k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $4.1m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.