Pinnacle Classical Academy Education Foundation

Analysis

Pinnacle Classical Academy Education Foundation is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Pinnacle Classical Academy Education Foundation reported income of $51k and spending of $37k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $54k to $51k (-4.3%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacle Classical Academy Education Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include South Lyon High School Band Parents Association ($51k), Robert E Gaylord Orthodontic Alumni Association ($51k) and McFarland Education Foundation Inc ($51k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 55% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.