Pearl Group

Analysis

Pearl Group is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pearl Group reported income of $112k and spending of $141k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $112k (+719%), an average of +719% a year. The sharpest change came in the year to December 2023, when income rose by 719%. Over the whole period it spent 169% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pearl Group sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include 222 Corps Ministries Inc ($112k), Young Womens Christian Association of North Orange County ($112k) and Missouri Statewide Independent Living Council ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. At year end it held assets of $264k against liabilities of $211k, net assets of $53k.