American Prime Trust

Analysis

American Prime Trust is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, American Prime Trust reported income of $94k and spending of $99k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $94k (+28%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Prime Trust sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Daughters of Penelope Foundation Inc ($94k), Master Gardener Association ($94k) and PTA Delaware Congress ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.