Prestigious Academy Inc

Analysis

Prestigious Academy Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Prestigious Academy Inc reported income of $806k and spending of $647k, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $658k to $806k (+23%), an average of +7.0% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prestigious Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Phoenix Ministries 3 Inc ($806k), Seacoast Family Promise ($806k) and Good Neighbors Housing Inc ($806k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $339k. At year end it held assets of $833k against liabilities of $1.5m, net assets of -$658k. It reported 23 employees.