Prestige Academy Inc
Prestige Academy Inc. reports $0 revenue and assets in its latest filing, indicating dormancy after years of operating deficits.
EIN: 208285385 · Wilmington, DE · Updated: 2026-03-28
Is Prestige Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prestige Academy Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prestige Academy Inc
Prestige Academy Inc (EIN: 208285385) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prestige Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prestige Academy Inc is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-410,133 |
| Total Assets | $3.0M |
| Total Liabilities | $3.9M |
| Net Assets | $-902,086 |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 129.8% |
| Months of Reserves | 9.4 months |
Financial Health Grade: C
In 2016, Prestige Academy Inc reported a deficit of $410K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 129.8% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Prestige Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +0.3% | +10.0% | -10.1% |
| 2015 | -11.0% | -13.9% | -4.7% |
| 2014 | -8.9% | +3.6% | -8.7% |
| 2013 | +9.1% | +11.5% | +7.8% |
| 2012 | +30.8% | +15.7% | +13.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prestige Academy Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Prestige Academy Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $410K, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.8%.
Executive Compensation Analysis
Officer compensation was consistently reported as 0% across all available filings, which is unusual for an organization with millions in revenue and expenses, suggesting either a volunteer leadership or that compensation was categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Prestige Academy Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating dormancy or closure.
- Consistent reporting of expenses exceeding revenue in multiple years (e.g., 2016: $3,858,599 expenses vs. $3,448,466 revenue).
- Liabilities frequently exceeded assets (e.g., 2016: $3,929,325 liabilities vs. $3,027,239 assets), indicating potential insolvency.
- 0% officer compensation reported across all filings, which is unusual for an organization of its size and could be a transparency concern if compensation was indeed paid but not reported in this category.
Strengths
The following positive indicators were identified for Prestige Academy Inc:
- No reported officer compensation, which could indicate a highly volunteer-driven leadership if accurate.
Frequently Asked Questions about Prestige Academy Inc
Is Prestige Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prestige Academy Inc (EIN: 208285385) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Prestige Academy Inc spend its money?
Prestige Academy Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prestige Academy Inc tax-deductible?
Prestige Academy Inc is registered as a tax-exempt nonprofit (EIN: 208285385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Prestige Academy Inc. currently operational?
Based on the latest filing showing $0 revenue and $0 assets, Prestige Academy Inc. appears to be inactive or defunct.
Did Prestige Academy Inc. manage its finances effectively during its operational years?
Historically, the organization frequently reported expenses exceeding revenue and liabilities exceeding assets, suggesting financial challenges and potential instability.
What was the typical revenue range for Prestige Academy Inc. when it was active?
During its active period from 2011 to 2016, Prestige Academy Inc.'s annual revenue ranged from approximately $2.9 million to $4.2 million.
Filing History
IRS 990 filing history for Prestige Academy Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Prestige Academy Inc's revenue has grown by 16.1%, moving from $3.0M to $3.4M. Total assets decreased by 4% over the same period, from $3.2M to $3.0M. Total functional expenses rose by 26.5%, from $3.0M to $3.9M. In its most recent filing year (2016), Prestige Academy Inc reported a deficit of $410K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $3.0M in assets (debt-to-asset ratio: 129.8%), resulting in net assets of $-902,086.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $3.4M | $3.9M | $3.0M | $3.9M | — | View 990 |
| 2015 | $3.4M | $3.5M | $3.4M | $3.9M | — | View 990 |
| 2014 | $3.9M | $4.1M | $3.5M | $3.2M | — | View 990 |
| 2013 | $4.2M | $3.9M | $3.9M | $3.3M | — | View 990 |
| 2012 | $3.9M | $3.5M | $3.6M | $3.3M | — | View 990 |
| 2011 | $3.0M | $3.0M | $3.2M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $3.4M, expenses of $3.9M, and assets of $3.0M (revenue +0.3% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $3.4M (revenue -11.0% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.1M, and assets of $3.5M (revenue -8.9% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.9M, and assets of $3.9M (revenue +9.1% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.5M, and assets of $3.6M (revenue +30.8% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.0M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prestige Academy Inc:
Data Sources and Methodology
This transparency report for Prestige Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.