Pinnacle Partners of the Carolinas Inc

Analysis

Pinnacle Partners of the Carolinas Inc is a registered charity in United States, based in Pickens, SC. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Pinnacle Partners of the Carolinas Inc reported income of $485k and spending of $299k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $25k to $485k (+1839%), an average of +169% a year. The sharpest change came in the year to December 2020, when income rose by 1910%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pinnacle Partners of the Carolinas 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 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Dillsburg Area Soccer Club ($485k), Edina Soccer Association ($485k) and Michigan State Premier Soccer Program ($485k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $249k, net assets of $1.3m.