Pearls of Purpose Foundation Inc

Analysis

Pearls of Purpose Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1999, 27 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, Pearls of Purpose Foundation Inc reported income of $99k and spending of $142k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $99k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pearls of Purpose Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Sertoma Inc ($98k), Toledo Choral Society Inc ($99k) and Safe Harbor Foundation ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.