Pine Cone Manor Inc

Analysis

Pine Cone Manor Inc is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in July 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 (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, Pine Cone Manor Inc reported income of $204k and spending of $230k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $175k to $204k (+17%), an average of +4.0% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Cone Manor Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Forward Assist Inc ($204k), Hermann Senior Housing Corporation ($204k) and University Gardens Inc ($204k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $669k against liabilities of $34k, net assets of $636k.

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.