Overview
What is Pearl Transit?
Pearl Transit is a nonprofit organization situated in Marlon, New Jersey, committed to addressing homelessness and food insecurity. They offer vital services to low-income individuals in nine states, providing approximately 6,900 fare-free rides to various community support locations, such as employment training centers and childcare facilities. Furthermore, Pearl Transit delivers over 240,000 non-perishable food boxes to families facing food insecurity. Their mission encompasses providing street outreach for the homeless, ensuring fare-free transportation for low-income and vulnerable individuals, and combating hunger by offering free food delivery services. With a dedicated workforce of 68 employees, Pearl Transit strives to empower and support those in need, helping them achieve self-sufficiency.
Official website here: www.525 route 73 north suite 104
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Pearl Transit has achieved a perfect score of 100% from Charity Navigator, reflecting exceptional standards in accountability and finance. This rating is based entirely on the charity's commitment to transparency and effective financial practices, indicating a robust organizational structure that prioritizes integrity and responsible management of resources.
The organization boasts a fully independent board with 10 members, ensuring unbiased governance. Additionally, Pearl Transit meets all criteria for financial oversight, including having an audit committee and no material diversion of assets, which further underscores its reliability and commitment to ethical operations. Its financial ratios are impressive, with a program expense ratio of 78.08%, indicating that a significant portion of funds is directed toward its programs rather than administrative costs.
While the rating highlights numerous strengths in governance and financial health, no specific limitations were noted in the data. Overall, Pearl Transit stands out as a nonprofit that effectively utilizes its resources and maintains a high level of accountability, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Pearl Transit legitimate?
Pearl Transit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pearl Transit submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.525 route 73 north suite 104
What is the mission statement of Pearl Transit?
Pearl Transit Corporation is committed to combating homelessness and fostering self-sufficiency among individuals by offering street outreach services to the unsheltered homeless and providing free, fareless community transportation for low-income individuals, people with disabilities, and those at risk of or experiencing homelessness. Additionally, Pearl Transit aims to alleviate hunger in low-income families by offering free non-perishable food delivery. The organization's mission is centered around empowering people and working towards their self-sufficiency.
Official website here: www.525 route 73 north suite 104
Who is the CEO of Pearl Transit?
Chris Wise is the Treasurer of Pearl Transit.
Official website here: www.525 route 73 north suite 104
What is the revenue of Pearl Transit?
Pearl Transit's revenue in 2022 was $6,340,468.
Official website here: www.525 route 73 north suite 104
Who are the executives of Pearl Transit and what are their salaries?
There are 68 employees and 116 volunteers at Pearl Transit.
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Official website here: www.525 route 73 north suite 104
Where can I find the form 990 for Pearl Transit?
Pearl Transit's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.525 route 73 north suite 104
Learn more at the official website: www.525 route 73 north suite 104
Mission Statement of Pearl Transit
Pearl Transit Corporation is a nonprofit organization dedicated to eradicating homelessness and aiding individuals in achieving self-sufficiency. They accomplish this by offering street outreach services to unsheltered homeless persons and providing fare-free community transportation for low-income individuals, people with disabilities, and those at risk of or experiencing homelessness. Furthermore, Pearl Transit focuses on alleviating hunger among low-income families by delivering free non-perishable food. By providing these essential services, Pearl Transit aims to empower people and help them regain control of their lives, ultimately working towards a society where homelessness is no longer an issue.
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Impact
August, 2024
Pearl Transit's impact is significant in the fight against homelessness and hunger. Through their street outreach for unsheltered homeless persons, fare-free community transportation for low-income individuals, and free non-perishable food delivery for food-insecure families, Pearl Transit has provided crucial support to those in need. This includes over 6,900 fare-free rides to community support locations and more than 240,000 non-perishable food boxes delivered to families in need across nine states. Their efforts have helped individuals access essential services, job training, childcare, and more, ultimately working towards ending homelessness and promoting self-sufficiency.
This information is meant to be a general summary of Pearl Transit. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $926,099
- Gross Receipts: $6,340,468
Assets and Liabilities:
- Total Assets: $14,555,741
- Total Liabilities: $405,530
- Net Assets: $14,150,211
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Organization Details
Founding Year
2005
Phone
(888) 976-9944Principal Officer
Chris Wise
Main Address
525 ROUTE 73 NORTH SUITE 104, Marlton, NJ, 08053
NTEE Category
Code: J02 - Employment
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