Prestige Institute Inc

Analysis

Prestige Institute Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2018, 8 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 Institute Inc reported income of $1.1m and spending of $924k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $362k to $1.1m (+195%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prestige Institute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Brazosport College Foundation ($1.1m), Nercomp Inc ($1.1m) and Gloversville Public Library ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $9,659 (1.0% of expenses). Other salaries and wages came to $486k. At year end it held assets of $570k against liabilities of $29k, net assets of $541k. It reported 33 employees.