Prestige Charitable & Educational Corp

Analysis

Prestige Charitable & Educational Corp is a registered charity in United States, based in San Leon, TX. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prestige Charitable & Educational Corp reported income of $50k and spending of $42k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $50k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prestige Charitable & Educational Corp sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Learning Zone ($50k), Bridging the Digital Divide ($50k) and Hawaii Pacific Export Council ($50k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.