Twenty Pearls Incorporated

Analysis

Twenty Pearls Incorporated is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Twenty Pearls Incorporated reported income of $102k and spending of $13k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $102k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Twenty Pearls Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Winterboro Educational Foundation Inc ($102k), Alton Athletic Association ($102k) and Monta Vista High School Athletic Boosters Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 5.3% of the total. At year end it held assets of $191k against liabilities of $75k, net assets of $116k.