Pin Ministry

Analysis

Pin Ministry is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in May 2004, 22 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 December 2023, Pin Ministry reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $1.3m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pin Ministry sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Community Farms Outreach ($1.3m), Mercer County Council on Aging ($1.3m) and Ordinary Hero Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $104k (9.2% of expenses). Other salaries and wages came to $475k. At year end it held assets of $1.1m against liabilities of $294k, net assets of $841k. It reported 27 employees.