Global Pearls LLC

Analysis

Global Pearls LLC is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2016, 10 years ago. 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, Global Pearls LLC reported income of $1.4m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $1.4m (+264%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 158%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Pearls LLC sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Museum of American Finance ($1.4m), Friends of Arachim Inc ($1.4m) and Family Promise of Greater Cleveland ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.