Pines of Aberdeen Inc

Analysis

Pines of Aberdeen Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pines of Aberdeen Inc reported income of $148k and spending of $199k, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $136k to $148k (+9.4%), an average of +2.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pines of Aberdeen Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Crossway Tower Inc ($148k), Brookings Senior Housing Inc ($148k) and Mobility Special Care Housing Inc ($148k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $513k against liabilities of $1.5m, net assets of -$962k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.