Purest Academy for Kids Inc

Analysis

Purest Academy for Kids Inc is a registered charity in United States, based in Norwalk, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Purest Academy for Kids Inc reported income of $214k and spending of $245k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $302k to $214k (-29%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purest Academy for Kids Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Build Pagosa Inc ($214k), Steuben Senior Services Fund Inc ($214k) and Healdsburg Education Foundation ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). Other salaries and wages came to $104k. At year end it held assets of $897 against liabilities of $233k, net assets of -$232k. It reported 9 employees.