Pearls of Service Inc

Analysis

Pearls of Service Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Service Inc reported income of $65k and spending of $59k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $65k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pearls of Service Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Municipal Board of Examiners Inc of Polk County ($65k), Alpha Enrichment Agency Inc ($65k) and Fulton Neighborhood Association C/O Jerry Smrekar ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.