Pinnacle Resource Center

Analysis

Pinnacle Resource Center is a registered charity in United States, based in Huntsville, TN. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pinnacle Resource Center reported income of $195k and spending of $198k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $289k to $195k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pinnacle Resource Center sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include United Jewish Council-Bialystoker Synagogue HSNG Dev Fund Co Inc ($195k), Neighborhood Improvement Development Corporation Inc ($195k) and Friends Development Corporation ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.