Pinnacle Education Services

Analysis

Pinnacle Education Services is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in June 2009, 17 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 Education Services reported income of $4.5m and spending of $4.1m, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.4m to $4.5m (+86%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Education Services 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 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Believe Schools Inc ($4.5m), Charter School of Inquiry ($4.5m) and Episcopal School of Nashville ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 74% of the total. Other salaries and wages came to $125k. At year end it held assets of $12.6m against liabilities of $5.9m, net assets of $6.6m. It reported 43 employees.