Precious Jewels Learning Academy Inc

Analysis

Precious Jewels Learning Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Precious Jewels Learning Academy Inc reported income of $231k and spending of $179k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $231k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Jewels Learning Academy Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Highland Manor Apartments Inc ($231k), For the Sake of One ($231k) and Big Iron Classic Truck Shows ($231k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $30k (17% of expenses). Other salaries and wages came to $19k. At year end it held assets of $3,226 against liabilities of $0, net assets of $3,226. It reported 6 employees.