Pearce Community Center Inc

Analysis

Pearce Community Center Inc is a registered charity in United States, based in Chillicothe, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Pearce Community Center Inc reported income of $1.2m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.2m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pearce Community Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include San Bernardino Valley College Foundation ($1.2m), River Legacy Foundation ($1.2m) and Kingsport Child Development Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $75k (5.4% of expenses). Other salaries and wages came to $562k. At year end it held assets of $4.0m against liabilities of $138k, net assets of $3.9m. It reported 94 employees.