In the Pines Inc

Analysis

In the Pines Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. 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 December 2023, In the Pines Inc reported income of $1.0m and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, In the Pines Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Wilmington Downtown Inc ($1.0m), Visual Art Institute ($1.0m) and Shore Memorial Hospital Workers Compensation Trust ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $4.8m against liabilities of $1.2m, net assets of $3.5m. It reported 3 employees.

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.