Pine Castle Inc

Analysis

Pine Castle Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 1954, 72 years ago. 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 September 2023, Pine Castle Inc reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.4m to $6.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pine Castle Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Texas Trees Foundation ($6.8m), Elyria Public Library ($6.8m) and Council for Exceptional Children ($6.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $200k (2.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.0m against liabilities of $1.0m, net assets of $8.0m. It reported 220 employees.