The Pearson Foundation

Analysis

The Pearson Foundation is a registered charity in United States, based in Pearl, MS. It received its IRS tax-exemption ruling in May 2001, 25 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, The Pearson Foundation reported income of $123k and spending of $126k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $123k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Pearson Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within MS. Charities of a similar size with the same main cause include Families First Inc ($123k), Mydream Global Foundation a NJ Nonprofit Corporation ($123k) and Project 828 Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (65% of expenses). Other salaries and wages came to $1,100. At year end it held assets of $24k against liabilities of $0, net assets of $24k.