Pearl Foundation Inc
Pearl Foundation Inc shows consistent revenue growth and zero officer compensation over a decade of operations.
EIN: 208579821 · Boiling Spgs, SC · NTEE: Q33 · Updated: 2026-03-28
Is Pearl Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pearl Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pearl Foundation Inc
Pearl Foundation Inc (EIN: 208579821) is a nonprofit organization based in Boiling Spgs, SC, classified under NTEE code Q33. The organization reported total revenue of $249K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pearl Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pearl Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pearl Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Pearl Foundation Inc consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Pearl Foundation Inc:
- Consistent revenue growth, increasing from $62,572 in 2014 to $255,282 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial management and no debt.
- 0% officer compensation reported in all filings, demonstrating a commitment to directing funds to the mission.
- Consistent filing of IRS 990 forms for over a decade, indicating good transparency and compliance.
- Growth in assets from $4,277 in 2014 to $62,212 in 2023, showing an ability to build reserves.
Frequently Asked Questions about Pearl Foundation Inc
Is Pearl Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pearl Foundation Inc (EIN: 208579821) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Pearl Foundation Inc spend its money?
Pearl Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pearl Foundation Inc tax-deductible?
Pearl Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208579821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pearl Foundation Inc a good charity?
Based on the provided financial data, Pearl Foundation Inc appears to be a good charity. It demonstrates strong financial health with consistent revenue growth, zero liabilities, and a commendable practice of 0% officer compensation, ensuring funds are directed towards its mission.
How has Pearl Foundation Inc's revenue changed over time?
Pearl Foundation Inc has shown significant revenue growth, increasing from $62,572 in 2014 to $255,282 in 2023, indicating a growing capacity and donor support.
Does Pearl Foundation Inc have any debt?
No, Pearl Foundation Inc has consistently reported $0 in liabilities across all 13 available IRS 990 filings, indicating a debt-free operation.
Filing History
IRS 990 filing history for Pearl Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pearl Foundation Inc's revenue has grown by 1074.5%, moving from $22K to $255K. Total assets increased by 1982.8% over the same period, from $3K to $62K. Total functional expenses rose by 1107.6%, from $19K to $230K. In its most recent filing year (2023), Pearl Foundation Inc reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $230K | $62K | $0 | — | View 990 |
| 2022 | $137K | $142K | $37K | $0 | — | View 990 |
| 2021 | $121K | $135K | $42K | $0 | — | View 990 |
| 2020 | $106K | $102K | $57K | $0 | — | — |
| 2019 | $121K | $98K | $53K | $0 | — | View 990 |
| 2018 | $92K | $74K | $30K | $0 | — | View 990 |
| 2017 | $142K | $142K | $12K | $0 | — | — |
| 2016 | $115K | $112K | $12K | $0 | — | View 990 |
| 2015 | $89K | $83K | $10K | $0 | — | View 990 |
| 2014 | $63K | $61K | $4K | $0 | — | View 990 |
| 2013 | $51K | $56K | $3K | $0 | — | View 990 |
| 2012 | $36K | $30K | $8K | $0 | — | View 990 |
| 2011 | $22K | $19K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $230K, and assets of $62K (revenue +86.7% year-over-year).
- 2022: Revenue of $137K, expenses of $142K, and assets of $37K (revenue +13.3% year-over-year).
- 2021: Revenue of $121K, expenses of $135K, and assets of $42K (revenue +13.4% year-over-year).
- 2020: Revenue of $106K, expenses of $102K, and assets of $57K (revenue -12.3% year-over-year).
- 2019: Revenue of $121K, expenses of $98K, and assets of $53K (revenue +31.7% year-over-year).
- 2018: Revenue of $92K, expenses of $74K, and assets of $30K (revenue -34.9% year-over-year).
- 2017: Revenue of $142K, expenses of $142K, and assets of $12K (revenue +23.6% year-over-year).
- 2016: Revenue of $115K, expenses of $112K, and assets of $12K (revenue +29.4% year-over-year).
- 2015: Revenue of $89K, expenses of $83K, and assets of $10K (revenue +41.5% year-over-year).
- 2014: Revenue of $63K, expenses of $61K, and assets of $4K (revenue +23.7% year-over-year).
- 2013: Revenue of $51K, expenses of $56K, and assets of $3K (revenue +41.8% year-over-year).
- 2012: Revenue of $36K, expenses of $30K, and assets of $8K (revenue +64.1% year-over-year).
- 2011: Revenue of $22K, expenses of $19K, and assets of $3K.
Data Sources and Methodology
This transparency report for Pearl Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.