Pearl Arts Movement and Sound

Analysis

Pearl Arts Movement and Sound is a registered charity in United States, based in Braddock, PA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pearl Arts Movement and Sound reported income of $758k and spending of $403k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $574k to $758k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pearl Arts Movement and Sound sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include U Channel Foundation ($758k), Cane River National Heritage Area Inc ($758k) and Chandler Center for the Arts Inc ($758k).

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 $186k. At year end it held assets of $847k against liabilities of $14k, net assets of $833k. It reported 9 employees.