Imani Pearls Community Development Foundation

Analysis

Imani Pearls Community Development Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Imani Pearls Community Development Foundation reported income of $127k and spending of $107k, spending 84% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $253k to $127k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Imani Pearls Community Development Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Shady Dale Rodeo Inc ($127k), The McLaughlin Charitable Foundation Inc ($127k) and VCC Cares Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 3.7% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.