PNC Inc

Analysis

PNC Inc is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, PNC Inc reported income of $2.8m and spending of $2.8m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $2.8m (+18%), an average of +5.6% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, PNC Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include Amplifi Dba Imagine Los Angeles Inc and Imagine LA ($2.8m), Alba Care Services Inc ($2.8m) and Clothes to Kids Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.4m against liabilities of $123k, net assets of $2.3m.