Precious Pearl Inc

Analysis

Precious Pearl Inc is a registered charity in United States, based in Locust, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Precious Pearl Inc reported income of $75k and spending of $134k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $288k to $75k (-74%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Precious Pearl Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Green Grove Mennonite Fellowship Center Inc ($75k), All for Jesus Ministry Inc ($75k) and Justin Graves Ministries ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.