Pinecrest Academy of Northern Nevada

Analysis

Pinecrest Academy of Northern Nevada is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pinecrest Academy of Northern Nevada reported income of $9.2m and spending of $10.6m, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.7m to $9.2m (+60%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 105% 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 Northern Nevada sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include United Community Schools Inc ($9.2m), Mobius ($9.2m) and Whin Music Community Charter School ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $30.0m against liabilities of $33.8m, net assets of -$3.8m. It reported 123 employees.