Cultured Pearls of Service Incorporated

Analysis

Cultured Pearls of Service Incorporated is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cultured Pearls of Service Incorporated reported income of $100k and spending of $60k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $100k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cultured Pearls of Service Incorporated sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Community Cupboard Inc ($100k), Dominic S Mission Corp ($100k) and New England Sci-Tech Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 2.0% of the total. At year end it held assets of $188k against liabilities of $225, net assets of $188k.