Pearls Academy

Analysis

Pearls Academy is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Pearls Academy reported income of $188k and spending of $171k, spending 91% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $134k to $188k (+40%), an average of +8.8% a year. The sharpest change came in the year to July 2021, when income rose by 73%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pearls Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Anderson Band Boosters Association ($188k), Edmond North Football Sled Team ($188k) and Midlothian Athletic Boosters Associations ($188k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (41% of expenses). At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 2 employees.