Precious Jewels Academy Learning Center Inc

Analysis

Precious Jewels Academy Learning Center Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2021, 5 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 2023, Precious Jewels Academy Learning Center Inc reported income of $405k and spending of $392k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $538k to $405k (-25%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Precious Jewels Academy Learning Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Public Montessori in Action International ($405k), Baltimore Urban Debate League Inc ($405k) and Michigan Youth Livestock Scholarship Fund ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $11k. It reported 4 employees.