Pinnacle Academy PTO

Analysis

Pinnacle Academy PTO is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2023, Pinnacle Academy PTO reported income of $57k and spending of $51k, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $4,935 to $57k (+1065%), an average of +1065% a year. The sharpest change came in the year to June 2023, when income rose by 1065%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Academy PTO sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Glastonbury High School Parents Organization Inc ($57k), Microdosing Collective ($57k) and Woodfern Home & School Assoc ($57k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.