Pine Woods Apartments Inc

Analysis

Pine Woods Apartments Inc is a registered charity in United States, based in Colquitt, GA. It received its IRS tax-exemption ruling in October 2008, 18 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 2024, Pine Woods Apartments Inc reported income of $190k and spending of $235k, spending 124% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $173k to $190k (+9.6%), an average of +1.8% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Woods Apartments Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Providence Place III Inc ($190k), Bethel House of Whitewater Inc ($190k) and Jubilee Ministries Inc ($190k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $7,535. At year end it held assets of $987k against liabilities of $1.6m, net assets of -$578k.

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.