Pine Tree Housing Corporation

Analysis

Pine Tree Housing Corporation is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in December 1995, 31 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 December 2023, Pine Tree Housing Corporation reported income of $395k and spending of $398k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $395k (+4.3%), an average of +1.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Tree Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Ahepa 242 Inc ($395k), Southwest Florida Gwi Housing XII Inc ($395k) and Denver Community Ventures ($395k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $258k, net assets of $1.2m.

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.