Pinecrest School Inc

Analysis

Pinecrest School Inc is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in May 1977, 49 years ago. 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 August 2023, Pinecrest School Inc reported income of $1.9m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.9m (+62%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pinecrest School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Kentucky Coalition Inc ($1.9m), Pathways to Independence ($1.9m) and National Institute for Public Policy Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $156k (9.6% of expenses). Other salaries and wages came to $771k. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.2m. It reported 34 employees.