Pinemont Incorporated

Analysis

Pinemont Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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, Pinemont Incorporated reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+20%), an average of +4.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pinemont Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Vaughan Place Senior Living Community Inc ($1.4m), Baltimore Washington Medical Center Foundation Inc ($1.4m) and Educationnc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $100k (7.0% of expenses). Other salaries and wages came to $225k. At year end it held assets of $2.9m against liabilities of $2.9m, net assets of $15k. It reported 6 employees.