Pinnacle Ministries of Yanceyville Inc

Analysis

Pinnacle Ministries of Yanceyville Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pinnacle Ministries of Yanceyville Inc reported income of $140k and spending of $138k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $73k to $140k (+92%), an average of +14% a year. The sharpest change came in the year to December 2019, when income rose by 96%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pinnacle Ministries of Yanceyville Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Days of Glory Inc ($140k), Masjid Shuhada Inc ($140k) and Co-Laborers with Christ Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $266k against liabilities of $165k, net assets of $100k.