Pines Housing Inc

Analysis

Pines Housing Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 June 2023, Pines Housing Inc reported income of $735k and spending of $948k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $650k to $735k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pines Housing Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include Foundation for Ichthyosis and Related Skin Types ($735k), Little League Baseball Inc ($735k) and Titusville Development Corporation Inc ($735k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $3.8m against liabilities of $2.2m, net assets of $1.6m.

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.