Pioneer Institute Inc

Analysis

Pioneer Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Pioneer Institute Inc reported income of $4.5m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $4.5m (+83%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pioneer Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Nevada Rise Academy Inc ($4.5m), Benjamin Franklin Academy Inc ($4.6m) and Shares Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $1.1m (28% of expenses). At year end it held assets of $7.5m against liabilities of $208k, net assets of $7.3m. It reported 20 employees.