Pearls of Service Foundation

Analysis

Pearls of Service Foundation is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $93k and spending of $92k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $93k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pearls of Service Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Hots Springs County School District No 1 Education Endowment ($93k), Ohio Education Data Systems Association ($93k) and Norris Dorsey Academy of Entrepreneurs ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 59% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.