Pure Gems Inc

Analysis

Pure Gems Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pure Gems Inc reported income of $336k and spending of $335k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $336k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pure Gems Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include Port Orange Family Days Community Trust Inc ($336k), The Tom Ridge Environmental Center Foundation ($336k) and Aspen Group ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (9.2% of expenses). It paid $246k in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.