Pinecrest Academy of Nevada

Analysis

Pinecrest Academy of Nevada is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pinecrest Academy of Nevada reported income of $70.4m and spending of $77.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.5m to $70.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinecrest Academy of Nevada sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include Brentwood School ($70.3m), Marietta College ($70.5m) and Saint Anns School ($70.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $391k (0.5% of expenses). Other salaries and wages came to $29.6m. At year end it held assets of $175.9m against liabilities of $200.8m, net assets of -$24.9m. It reported 837 employees.