Pinnacle Study Group Inc

Analysis

Pinnacle Study Group Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pinnacle Study Group Inc reported income of $74k and spending of $51k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $74k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Study Group Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Take Care of Home ($74k), Studio Afoundation ($74k) and Forest Park High School Bruin Band Boosters ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 71% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.