Pine Grove Housing Development Corporation

Analysis

Pine Grove Housing Development Corporation is a registered charity in United States, based in Pineville, LA. It received its IRS tax-exemption ruling in June 2002, 24 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 September 2023, Pine Grove Housing Development Corporation reported income of $600k and spending of $869k, spending 145% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $631k to $600k (-5.0%), an average of -1.3% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pine Grove Housing Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Pentecostal Holiness Church Housing Corporation ($600k), Dart Gardens Mutual Housing Association Inc ($600k) and Sandhurst Community Capital ($600k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $195k. At year end it held assets of $2.2m against liabilities of $731k, net assets of $1.4m. It reported 6 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.