Pearls of Service Foundation Inc

Analysis

Pearls of Service Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pearls of Service Foundation Inc reported income of $106k and spending of $53k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $106k (+465%), an average of +465% a year. The sharpest change came in the year to December 2023, when income rose by 465%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pearls of Service Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Piedmont Emergency Relief Center ($106k), Widows and Orphans of God Inc ($106k) and Cambodian Community Development Incorporated ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 88% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.