Pine River Area Foundation Inc

Analysis

Pine River Area Foundation Inc is a registered charity in United States, based in Pine River, MN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pine River Area Foundation Inc reported income of $195k and spending of $176k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $75k to $195k (+162%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pine River Area Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Raba Kistner Charitable Foundation ($195k), United Way of Franklin County ($195k) and BGCCF NMTC Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 55% of the total. Other salaries and wages came to $1,885. At year end it held assets of $457k against liabilities of $93k, net assets of $364k. It reported 2 employees.