Pearce Foundation Inc

Analysis

Pearce Foundation Inc is a registered charity in United States, based in Chillicothe, IL. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pearce Foundation Inc reported income of $119k and spending of $24k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $119k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 210% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pearce Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Global Faith Institute Inc ($119k), Hope in Jesus Ministries ($119k) and 316 Love Church Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 35% of the total. Other salaries and wages came to $2,999. At year end it held assets of $2.5m against liabilities of $866k, net assets of $1.6m.