Pioneer Concepts Inc

Analysis

Pioneer Concepts Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in September 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Pioneer Concepts Inc reported income of $8.9m and spending of $10.3m, spending 115% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $9.0m to $8.9m (-1.5%), an average of -0.5% a year. The sharpest change came in the year to March 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pioneer Concepts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Fountainview at College Road Inc ($8.9m), Community Builders of Kansas City ($8.9m) and Coal County General Hospital ($8.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.5% and program service revenue 104% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $31.5m against liabilities of $1.1m, net assets of $30.4m. It reported 208 employees.