Pine Ridge Homes Inc

Analysis

Pine Ridge Homes Inc is a registered charity in United States, based in Cloquet, MN. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ridge Homes Inc reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $3.8m (-1.5%), an average of -0.4% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pine Ridge Homes Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include VNW Circle of Care ($3.8m), Victim Rights Law Center Inc ($3.8m) and Royal Oak Community Ltd ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $124k (3.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.8m against liabilities of $287k, net assets of $1.5m. It reported 109 employees.