Pineridge Brook Corp

Analysis

Pineridge Brook Corp is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2023, Pineridge Brook Corp reported income of $1.0m and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $898k to $1.0m (+12%), an average of +2.9% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pineridge Brook Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Hazel Park Non Profit Apartments Inc ($1.0m), Kankakee County Housing Developmentcorporation NFP ($1.0m) and My Very Own Bed ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Other salaries and wages came to $257k. At year end it held assets of $4.1m against liabilities of $6.0m, net assets of -$1.9m. It reported 6 employees.

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.