Pine Meadows Senior Housing

Analysis

Pine Meadows Senior Housing is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, Pine Meadows Senior Housing reported income of $84k and spending of $133k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $84k (+7.3%), an average of +1.8% a year. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Meadows Senior Housing sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Housing Works 2605-2609 Pitkin Housing Development Fund ($84k), Creative Housing Inc V ($84k) and Kataluma Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $1.6m against liabilities of $2.2m, net assets of -$523k.

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.