Pinecrest Academy of Nevada Foundation

Analysis

Pinecrest Academy of Nevada Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Pinecrest Academy of Nevada Foundation reported income of $5.3m and spending of $4.7m, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $75k to $5.3m (+6879%), an average of +6879% a year. The sharpest change came in the year to June 2023, when income rose by 6879%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinecrest Academy of Nevada Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include Lindsay Lane Christian Academy ($5.3m), Expedition School ($5.3m) and Summit Middle Charter School Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 90% of the total. At year end it held assets of $104.7m against liabilities of $100.9m, net assets of $3.8m.