Pearl Elegance Foundation

Analysis

Pearl Elegance Foundation is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pearl Elegance Foundation reported income of $215k and spending of $89k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $215k (+278%), an average of +278% a year. The sharpest change came in the year to December 2023, when income rose by 278%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pearl Elegance Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Bigass Crawfish Bash Foundation ($215k), Pgei of America Charitable Foundation Inc ($215k) and Duniway Educational Foundation ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $260k against liabilities of $14k, net assets of $245k.