Twenty Pearls Foundation Inc

Analysis

Twenty Pearls Foundation Inc is a registered charity in United States, based in Matteson, IL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Foundation Inc reported income of $204k and spending of $176k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $204k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Twenty Pearls Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Exeter Group Ltd ($204k), Workfaith Birmingham ($204k) and Boots2roots ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.