Pinecrest Academy of Idaho Inc

Analysis

Pinecrest Academy of Idaho Inc is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in March 2020, 6 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 2024, Pinecrest Academy of Idaho Inc reported income of $3.6m and spending of $4.2m, spending 115% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $1.2m to $3.6m (+194%), an average of +43% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 117% 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 Idaho Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within ID. Charities of a similar size with the same main cause include Smart Start Rowan Inc ($3.6m), Valor Christian College ($3.6m) and Albrook School ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $107k (2.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $14.0m against liabilities of $15.5m, net assets of -$1.6m. It reported 47 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.