Pineywoods Home Team Affordable Housing

Analysis

Pineywoods Home Team Affordable Housing is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Pineywoods Home Team Affordable Housing reported income of $188k and spending of $194k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $188k (+8.0%), an average of +1.9% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pineywoods Home Team Affordable Housing sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Nba El Redentor Apartments II ($188k), Bethesda House Inc ($188k) and Framingham Housing Development Corporation II ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $38k. At year end it held assets of $535k against liabilities of $1.8m, net assets of -$1.2m.