Pearl City Foundation

Analysis

Pearl City Foundation is a registered charity in United States, based in Pearl City, HI. It received its IRS tax-exemption ruling in November 2001, 25 years ago. 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 June 2023, Pearl City Foundation reported income of $483k and spending of $424k, spending 88% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $347k to $483k (+39%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pearl City Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within HI. Charities of a similar size with the same main cause include McCrone Research Institute Inc ($483k), American Friends of the Natl Museum of Bermuda Inc ($483k) and California Assoc for Postsecondary Education and Disability Caped ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. Other salaries and wages came to $167k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 30 employees.