Pearl Street a M E Community Development Corporation Inc

Analysis

Pearl Street a M E Community Development Corporation Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in May 2002, 24 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, Pearl Street a M E Community Development Corporation Inc reported income of $144k and spending of $172k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $144k (+134%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 522%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pearl Street a M E Community Development Corporation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within MS. Charities of a similar size with the same main cause include Rubyes Kids Incorporated ($144k), Govans Center for Retired Persons Inc ($144k) and Anas Treasures ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $524k against liabilities of $0, net assets of $524k. It reported 1 employees.