Pearls and Ivy Foundation of Queens Inc

Analysis

Pearls and Ivy Foundation of Queens Inc is a registered charity in United States, based in Saint Albans, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 and Ivy Foundation of Queens Inc reported income of $82k and spending of $69k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,185 to $82k (+3648%), an average of +3648% a year. The sharpest change came in the year to December 2023, when income rose by 3648%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pearls and Ivy Foundation of Queens Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Maya Center for Rural Education and Well-Being Association ($82k), Somers Education Foundation Inc ($82k) and Filipino American Association of Kitsap County ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $133k against liabilities of $39k, net assets of $94k.