Project Pearls USA Inc

Analysis

Project Pearls USA Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Project Pearls USA Inc reported income of $327k and spending of $380k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $345k to $327k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Pearls USA Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Identity Mission ($327k), Tov Vachesed Inc ($327k) and Helping Hands Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (22% of expenses). At year end it held assets of $8,816 against liabilities of $0, net assets of $8,816.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.