Ivy & Pearls for Excellence Inc

Analysis

Ivy & Pearls for Excellence Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2018, 8 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, Ivy & Pearls for Excellence Inc reported income of $141k and spending of $70k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $141k (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ivy & Pearls for Excellence Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Centro Nuevos Horizontes Inc ($141k), Amigos of Honduras ($141k) and Lesye Anye Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 32% of the total. At year end it held assets of $1.2m against liabilities of $24k, net assets of $1.2m.