Pinecrest Academy Inc

Analysis

Pinecrest Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2003, 23 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, Pinecrest Academy Inc reported income of $137.1m and spending of $125.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.3m to $137.1m (+144%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinecrest Academy Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Salve Regina University ($136.6m), West Virginia Univ Foundation Inc ($137.2m) and Georgia State University Research Foundation Inc ($136.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.5% of the total. Other salaries and wages came to $54.2m. At year end it held assets of $204.7m against liabilities of $146.4m, net assets of $58.2m. It reported 1,677 employees.