Prime Educational Solutions

Analysis

Prime Educational Solutions is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prime Educational Solutions reported income of $3.0m and spending of $2.4m, spending 81% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.2m to $3.0m (+37%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prime Educational Solutions sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Won Institute of Graduate Studies ($3.0m), Valor Global Foundation ($3.0m) and Bais Yaakov School for Girls ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $784k (33% of expenses). Other salaries and wages came to $653k. At year end it held assets of $785k against liabilities of $83k, net assets of $702k. It reported 17 employees.