Pinnacle RTC Inc

Analysis

Pinnacle RTC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2015, 11 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, Pinnacle RTC Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.6m to $2.4m (+48%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pinnacle RTC Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Compassion in World Farming ($2.4m), National Basketball Players Assoc Foundation ($2.4m) and Deliverfund ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $300k (13% of expenses). Other salaries and wages came to $956k. At year end it held assets of $563k against liabilities of $510k, net assets of $53k. It reported 55 employees.