D C Pearls III Foundation

Analysis

D C Pearls III Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2015, 11 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, D C Pearls III Foundation reported income of $106k and spending of $94k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $106k (-13%), an average of -13% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, D C Pearls III Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 20th percentile within DC. Charities of a similar size with the same main cause include Rotaract Club of Birmingham Foundation ($106k), Cassopolis Main Street ($106k) and Neurodiversity at Work ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.