Pine Forest Inc

Analysis

Pine Forest Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2024, Pine Forest Inc reported income of $1.4m and spending of $1.5m, spending 105% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.1m to $1.4m (+34%), an average of +6.0% a year. The sharpest change came in the year to August 2020, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pine Forest Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within VT. Charities of a similar size with the same main cause include Project Horizon Inc ($1.4m), Oasis of Hope Inc ($1.4m) and Project Hope Food Bank Inc ($1.4m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $74k (5.0% of expenses). Other salaries and wages came to $847k. At year end it held assets of $385k against liabilities of $48k, net assets of $337k. It reported 32 employees.