Pine Street Inn Housing II Inc

Analysis

Pine Street Inn Housing II Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1999, 27 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 June 2024, Pine Street Inn Housing II Inc reported income of $118k and spending of $210k, spending 178% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $126k to $118k (-6.8%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. 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 Street Inn Housing II Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Green River Asset Building Coalition Inc ($118k), Geauga Faith Rescue Mission Inc ($118k) and Bridge Inc ($118k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 35% of the total. At year end it held assets of $1.7m against liabilities of $1.3m, net assets of $413k.

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.