Pearl Transit

Analysis

Pearl Transit is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Transit reported income of $6.4m and spending of $3.2m, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.6m to $6.4m (+79%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pearl Transit sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Chesco Inc ($6.4m), Madison Development Corporation ($6.4m) and NHS Neighborhood Lending Services ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $17.8m against liabilities of $465k, net assets of $17.4m. It reported 68 employees.