Pinecrest Academy Foundation Inc

Analysis

Pinecrest Academy Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pinecrest Academy Foundation Inc reported income of $242k and spending of $59k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $242k (+121%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinecrest Academy Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Youth Science Academy ($242k), St Louis Bridge Center ($242k) and California Dermatology Physician Assistant Society ($242k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.9m against liabilities of $1.7m, net assets of $241k.