The Pines at Davidson Inc

Analysis

The Pines at Davidson Inc is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in February 1985, 41 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, The Pines at Davidson Inc reported income of $36.8m and spending of $33.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.5m to $36.8m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Pines at Davidson Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Eihab Human Services Inc ($36.7m), Friendship Village of Dublin Ohio Inc ($36.8m) and Incompass Human Services Inc ($36.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $790k (2.4% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $167.5m against liabilities of $121.3m, net assets of $46.2m. It reported 443 employees.