Pine School Inc

Analysis

Pine School Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in August 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Pine School Inc reported income of $15.1m and spending of $13.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $15.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pine School Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Rochester Academy Charter School ($15.1m), Discovery Charter School ($15.1m) and Texas Tribune Inc ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $618k (4.5% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $27.3m against liabilities of $14.7m, net assets of $12.6m. It reported 121 employees.