Pine Habilitation and Supported Employment Inc

Analysis

Pine Habilitation and Supported Employment Inc is a registered charity in United States, based in Sandstone, MN. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pine Habilitation and Supported Employment Inc reported income of $6.1m and spending of $5.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.2m to $6.1m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pine Habilitation and Supported Employment Inc 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 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Houston Business Development Inc ($6.1m), Movement Voter Fund ($6.1m) and The Community Development Venture Capital Alliance ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $341k (5.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.5m against liabilities of $966k, net assets of $6.5m. It reported 348 employees.