String of Pearls

Analysis

String of Pearls is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in December 2008, 18 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, String of Pearls reported income of $59k and spending of $100k, spending 168% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $59k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 156% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, String of Pearls sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Elkhorn Food Pantry Inc ($59k), Port Aransas Chamber of Commerce Foundation ($59k) and Gallastar Equine Center Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,685 against liabilities of $4,169, net assets of $2,516.