Pearl Mae Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO BENEFIT THE CITIZENS OF SOUTH FLORIDA, AWARD SCHOLARSHIPS TO STUDENTS, AND PROVIDE SENIOR ASSISTANCE AND HOUSING FOR THE COMMUNITY.
- Income
- $320,419
- Spending
- $317,237
- Spent on programs
- 100%
- Reserves
- 2.4 months of spending
- Largest source of income
- donations and private grants, 98%
- Employees
- 1
- Volunteers
- 15
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 52 out of 100. Higher than 20% of charities in its peer group (human services, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.4 months of spending.
Debt
5 of 20It owes 51% of what it owns.
Living within its means
12 of 15Income exceeded spending by 1% of income.
Income trend
10 of 15Income fell 10% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 59 out of 100. Higher than 31% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $66,829 spent. PEARLS PANTRY PROVIDES LOW INCOME SENIORS FREE GROCERY DELIVERY OF FRESH PRODUCE, MEATS, AND EGGS WITH OVERSIGHT PROVIDED BY A TEAM OF CASE MANAGERS.
- $224,624 spent. SENIOR GRANT PROGRAM - GIVES SUPPORT TO LOW-INCOME SENIORS IN TIMES OF FINANCIAL CRISIS BY PROVIDING A ONE-TIME GRANT OF UP TO $500. SOMES EXAMPLES OF CLIENT NEEDS INCLUDE: MEDICAL CO-PAYMENTS, UNFORESEEN BILLS, FOOD SHORTAGES, HOME RECONFIGURATIONS AND OTHER NEEDS THAT KEEP SENIORS SAFE AND HEALTHY.
- $25,784 spent. PROVIDE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL STUDENTS SEEKING A CAREER IN THE HEALTHCARE OR FIRST RESPONDER FIELDS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2016.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.