Pinnacle Community Services Inc

Analysis

Pinnacle Community Services Inc is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in September 1944, 82 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 December 2023, Pinnacle Community Services Inc reported income of $4.8m and spending of $5.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $4.8m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pinnacle Community Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Zak Nordyke Holistic Fitness ($4.8m), Young Mens Christian Association of Fond du Lac ($4.8m) and Jewish Community Center of the East Bay ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $141k (2.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.5m against liabilities of $804k, net assets of $3.7m. It reported 90 employees.