Pine Oaks III Inc

Analysis

Pine Oaks III Inc is a registered charity in United States, based in Harwich, MA. It received its IRS tax-exemption ruling in February 1997, 29 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, Pine Oaks III Inc reported income of $667k and spending of $785k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $667k (+16%), an average of +3.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Oaks III Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include South Atlantic Housing of Brevard Inc ($667k), Regency Retirement Residence of Clinton ($667k) and Central Islip Civic Council Inc ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $154k. At year end it held assets of $4.0m against liabilities of $653k, net assets of $3.3m.

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.