Pioneer61 Inc

Analysis

Pioneer61 Inc is a registered charity in United States, based in Duncanville, AL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Pioneer61 Inc reported income of $543k and spending of $481k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $543k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pioneer61 Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Act for Lebanon ($543k), TFL US Incorporated ($543k) and American Friends of Avos Ubanim Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $127k (26% of expenses). Other salaries and wages came to $53k. At year end it held assets of $185k against liabilities of $1,358, net assets of $184k.