Pine Cove Foundation

Analysis

Pine Cove Foundation is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pine Cove Foundation reported income of $53k and spending of $8,336, leaving 84% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $136 to $53k (+38815%), an average of +344% a year. The sharpest change came in the year to September 2020, when income dropped by 100%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pine Cove Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Agape Full Gospel Ministries International ($53k), Oikos Movement ($53k) and Bangladesh Puja Udjapan Parishad New York Inc ($53k).

At year end it held assets of $82k against liabilities of $0, net assets of $82k.