Pinehurst Retirement Housing Inc

Analysis

Pinehurst Retirement Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Pinehurst Retirement Housing Inc reported income of $475k and spending of $558k, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $462k to $475k (+2.8%), an average of +0.7% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pinehurst Retirement Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Eagle Rock Boys Home ($475k), Love Our Community Inc ($475k) and Hearts and Hammers Twin Cities ($475k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. At year end it held assets of $1.8m against liabilities of $2.2m, net assets of -$435k.

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.