Pine Rest Foundation

Analysis

Pine Rest Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pine Rest Foundation reported income of $7.8m and spending of $2.4m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $7.8m (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 199%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pine Rest Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Presbyterian Child Welfare Agency of Buckhorn Kentucky Inc ($7.8m), Freestore-Foodbank Foundation ($7.8m) and Des Moines Area Religious Council ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $29.8m against liabilities of $12k, net assets of $29.8m.