Pearl Arts Inc

Analysis

Pearl Arts Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2022, 4 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 (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 Arts Inc reported income of $9.9m and spending of $250k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $9.9m (+632%), an average of +632% a year. The sharpest change came in the year to December 2023, when income rose by 632%. Over the whole period it spent 4.0% 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 Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include American Association of Museums ($9.9m), Tampa Museum of Art Foundation Inc ($9.9m) and Rochester Museum and Science Center ($9.9m).

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 $192k (77% of expenses). At year end it held assets of $11.9m against liabilities of $1.1m, net assets of $10.8m. It reported 1 employees.