Perry & Teresa Pearson Foundation Inc
Perry & Teresa Pearson Foundation's assets have steadily declined over the past decade as expenses frequently exceed revenue.
EIN: 133636275 · Salt Lake City, UT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $719K |
| Total Expenses | $197K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Perry & Teresa Pearson Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Perry & Teresa Pearson Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Perry & Teresa Pearson Foundation Inc
Perry & Teresa Pearson Foundation Inc (EIN: 133636275) is a nonprofit organization based in Salt Lake City, UT. The organization reported total revenue of $719K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perry & Teresa Pearson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perry & Teresa Pearson Foundation Inc is a small nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $197K |
| Surplus / Deficit | $-63,911 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -48.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 83.9 months |
Financial Health Grade: B
In 2023, Perry & Teresa Pearson Foundation Inc reported a deficit of $64K with expenses exceeding revenue, holds 83.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Perry & Teresa Pearson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +6.2% | -4.4% |
| 2022 | -30.4% | -5.1% | -4.7% |
| 2021 | +318.1% | +5.4% | -2.0% |
| 2020 | -64.7% | +0.8% | -8.6% |
| 2019 | -22.9% | +39.1% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Perry & Teresa Pearson Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Perry & Teresa Pearson Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly favorable and indicates that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, or that it is a family foundation with no paid officers.
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.
Red Flags
The following concerns were identified during AI analysis of Perry & Teresa Pearson Foundation Inc's IRS 990 filings:
- Consistent asset decline: Assets have decreased from $1,892,290 in 2011 to $1,378,497 in 2023, indicating a spend-down model or unsustainable spending relative to revenue.
- Expenses frequently exceed revenue: In most recent years (e.g., 2023, 2022, 2021), expenses have been higher than revenue, contributing to asset depletion.
- Lack of detailed expense breakdown: Without specific program, administrative, and fundraising expense figures, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Perry & Teresa Pearson Foundation Inc:
- Zero officer compensation: Consistently reporting 0% officer compensation is a strong indicator of efficient leadership cost management.
- Low liabilities: The organization consistently reports minimal to no liabilities, suggesting financial stability in terms of debt.
- Consistent IRS 990 filings: A long history of consistent filings demonstrates good transparency and compliance with reporting requirements.
Frequently Asked Questions about Perry & Teresa Pearson Foundation Inc
Is Perry & Teresa Pearson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Perry & Teresa Pearson Foundation Inc (EIN: 133636275) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Perry & Teresa Pearson Foundation Inc spend its money?
Perry & Teresa Pearson Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Perry & Teresa Pearson Foundation Inc tax-deductible?
Perry & Teresa Pearson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133636275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Perry & Teresa Pearson Foundation Inc's spending goes to programs?
Perry & Teresa Pearson Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Perry & Teresa Pearson Foundation Inc located?
Perry & Teresa Pearson Foundation Inc is headquartered in Salt Lake City, Utah and files with the IRS under EIN 133636275.
How many years of IRS 990 filings does Perry & Teresa Pearson Foundation Inc have?
Perry & Teresa Pearson Foundation Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $719K in total revenue.
What is the primary mission or program focus of the Perry & Teresa Pearson Foundation Inc.?
The provided data does not specify the NTEE code or detailed program descriptions, making it impossible to determine the primary mission or program focus from this information alone.
Why have the foundation's assets been consistently declining since 2011?
The consistent decline in assets from $1,892,290 in 2011 to $1,378,497 in 2023 is primarily due to expenses frequently exceeding revenue, indicating the foundation is spending down its principal or endowment.
What are the specific categories of expenses that make up the majority of the foundation's spending?
The provided IRS 990 summary data does not break down expenses into specific categories like program, administrative, or fundraising, making it impossible to determine the majority spending categories.
Filing History
IRS 990 filing history for Perry & Teresa Pearson Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Perry & Teresa Pearson Foundation Inc's revenue has grown by 1.5%, moving from $131K to $133K. Total assets increased by 99.9% over the same period, from $690K to $1.4M. Total functional expenses rose by 292.2%, from $50K to $197K. In its most recent filing year (2023), Perry & Teresa Pearson Foundation Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $197K | $1.4M | $1 | — | — |
| 2022 | $115K | $186K | $1.4M | $1 | — | View 990 |
| 2021 | $165K | $196K | $1.5M | $1 | — | View 990 |
| 2020 | $39K | $186K | $1.5M | $1 | — | View 990 |
| 2019 | $112K | $184K | $1.7M | $0 | — | View 990 |
| 2015 | $145K | $132K | $1.8M | $0 | — | View 990 |
| 2014 | $53K | $41K | $1.8M | $0 | — | View 990 |
| 2013 | $97K | $135K | $1.8M | $0 | — | View 990 |
| 2012 | $45K | $117K | $1.8M | $0 | — | View 990 |
| 2011 | $1.2M | $42K | $1.9M | $0 | — | View 990 |
| 2010 | $131K | $50K | $690K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $197K, and assets of $1.4M (revenue +16.0% year-over-year).
- 2022: Revenue of $115K, expenses of $186K, and assets of $1.4M (revenue -30.4% year-over-year).
- 2021: Revenue of $165K, expenses of $196K, and assets of $1.5M (revenue +318.1% year-over-year).
- 2020: Revenue of $39K, expenses of $186K, and assets of $1.5M (revenue -64.7% year-over-year).
- 2019: Revenue of $112K, expenses of $184K, and assets of $1.7M (revenue -22.9% year-over-year).
- 2015: Revenue of $145K, expenses of $132K, and assets of $1.8M (revenue +172.8% year-over-year).
- 2014: Revenue of $53K, expenses of $41K, and assets of $1.8M (revenue -45.4% year-over-year).
- 2013: Revenue of $97K, expenses of $135K, and assets of $1.8M (revenue +117.0% year-over-year).
- 2012: Revenue of $45K, expenses of $117K, and assets of $1.8M (revenue -96.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $42K, and assets of $1.9M (revenue +848.0% year-over-year).
- 2010: Revenue of $131K, expenses of $50K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perry & Teresa Pearson Foundation Inc:
Data Sources and Methodology
This transparency report for Perry & Teresa Pearson 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.