Pearl Psychedelic Institute

Analysis

Pearl Psychedelic Institute is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Pearl Psychedelic Institute reported income of $630k and spending of $539k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $630k (+627%), an average of +627% a year. The sharpest change came in the year to December 2023, when income rose by 627%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pearl Psychedelic Institute sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Help-A-Person Inc ($630k), Dreams Come True of Louisiana Inc ($630k) and United Brain Association Inc ($630k).

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 $104k (19% of expenses). Other salaries and wages came to $108. At year end it held assets of $83k against liabilities of $1,050, net assets of $81k. It reported 5 employees.