The Black Pearl Nail Academy

Analysis

The Black Pearl Nail Academy is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Black Pearl Nail Academy reported income of $209k and spending of $215k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $209k (+8.0%), an average of +8.0% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Black Pearl Nail Academy sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Greater Naples Leadership Inc ($209k), Public Education Foundation of Valparaiso Indiana Inc ($209k) and Decatur Community Partnership ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $29k. At year end it held assets of $1,407 against liabilities of $0, net assets of $1,407.