Pioneer Resources Inc

Analysis

Pioneer Resources Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Pioneer Resources Inc reported income of $12.1m and spending of $9.4m, leaving 23% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $6.7m to $12.1m (+80%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pioneer Resources Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Family Tree Inc ($12.1m), Foundation for Behavioral Resources ($12.1m) and Bayside Community Network Inc ($12.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $140k (1.5% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $17.5m against liabilities of $2.1m, net assets of $15.4m. It reported 250 employees.