Pinebelt Foundation

Analysis

Pinebelt Foundation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pinebelt Foundation reported income of $5.6m and spending of $3.3m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $5.6m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pinebelt Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Louisiana Association of United Ways Inc ($5.6m), Northern Piedmont Community Foundation ($5.6m) and United Way of Kaw Valley Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $220k. At year end it held assets of $31.2m against liabilities of $1.4m, net assets of $29.7m. It reported 3 employees.