Prestige Solutions

Analysis

Prestige Solutions is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2016, 10 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 June 2023, Prestige Solutions reported income of $2.2m and spending of $1.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prestige Solutions sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Iowa Law School Foundation ($2.2m), Sheet Metal Workers Joint Apprenticeship Fund of Phila and V ($2.2m) and Womens Education Alliance Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $281k. At year end it held assets of $7.0m against liabilities of $939k, net assets of $6.1m. It reported 28 employees.