The Pearl Group Inc

Analysis

The Pearl Group Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in February 2013, 13 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, The Pearl Group Inc reported income of $184k and spending of $268k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $184k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 69%. 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, The Pearl Group Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Amshera ($184k), Cars IV Inc ($184k) and Friends of Grafton Inc Grafton Food Bank ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 14% of the total. Other salaries and wages came to $89k. At year end it held assets of $188k against liabilities of $12k, net assets of $176k. It reported 3 employees.