Phenomenal Pearls Educational and Charitable Foundation

Analysis

Phenomenal Pearls Educational and Charitable Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Phenomenal Pearls Educational and Charitable Foundation reported income of $83k and spending of $80k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $83k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phenomenal Pearls Educational and Charitable Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Veteran Entrepreneurial Training and Resource Network Inc ($83k), Ronald Smallwood Scholarship Foundation ($83k) and Parent Booster USA Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.