Pinnacol Foundation

Analysis

Pinnacol Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2001, 25 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 July 2023, Pinnacol Foundation reported income of $450k and spending of $396k, spending 88% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $333k to $450k (+35%), an average of +10% a year. The sharpest change came in the year to July 2021, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacol Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Sit Stay Read Inc ($450k), Lewiston Public Library ($450k) and Education Foundation for Waxahachie Independent School District ($450k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 108% and program service revenue 1.3% of the total. At year end it held assets of $1.5m against liabilities of $536k, net assets of $934k.