Pine Point School Inc

Analysis

Pine Point School Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in November 1949, 77 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pine Point School Inc reported income of $4.9m and spending of $5.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $4.9m (-7.8%), an average of -2.0% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pine Point School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Good Hope Country Day School Inc ($4.9m), Passageway Residence of Dade County ($4.9m) and Bracken Christian School of Bulverde ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $356k (6.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $13.0m against liabilities of $864k, net assets of $12.2m. It reported 61 employees.