Pine Street Inn Inc

Analysis

Pine Street Inn Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Pine Street Inn Inc reported income of $100.2m and spending of $91.6m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $86.8m to $100.2m (+15%), an average of +3.7% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pine Street Inn Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of Nashville and Middle Tennessee ($100.0m), Mount Sinai Health System Executive V P for Finance ($100.3m) and Isabella Geriatric Center Inc ($99.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $1.3m (1.5% of expenses). Other salaries and wages came to $40.0m. It paid $354k in professional fundraising fees. At year end it held assets of $206.3m against liabilities of $52.1m, net assets of $154.2m. It reported 886 employees.