Prestige Preparatory Academy
EIN: 475305409 · N Charleston, SC · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $965K |
| Total Expenses | $994K |
| Net Assets | $-124,810 |
Is Prestige Preparatory Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prestige Preparatory Academy
Prestige Preparatory Academy (EIN: 475305409) is a nonprofit organization based in N Charleston, SC, classified under NTEE code B29. The organization reported total revenue of $965K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prestige Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prestige Preparatory Academy is a small nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2017–2018). Revenue has grown at a compound annual rate of 19.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $965K |
| Total Expenses | $994K |
| Surplus / Deficit | $-29,163 |
| Total Assets | $38K |
| Total Liabilities | $162K |
| Net Assets | $-124,810 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 432.4% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2018, Prestige Preparatory Academy reported a deficit of $29K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 432.4% (high leverage).
Financial Trends
Over 2 years of filings (2017–2018), Prestige Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +19.5% | +10.1% | -36.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prestige Preparatory Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prestige Preparatory Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 432.4%.
Frequently Asked Questions about Prestige Preparatory Academy
Is Prestige Preparatory Academy a legitimate charity?
Prestige Preparatory Academy (EIN: 475305409) is a registered tax-exempt nonprofit based in South Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $965K. No red flags identified. Financial health grade: D.
How does Prestige Preparatory Academy spend its money?
Prestige Preparatory Academy reported $965K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prestige Preparatory Academy tax-deductible?
Prestige Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 475305409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prestige Preparatory Academy located?
Prestige Preparatory Academy is headquartered in N Charleston, South Carolina and files with the IRS under EIN 475305409. It is classified under NTEE code B29.
How many years of IRS 990 filings does Prestige Preparatory Academy have?
Prestige Preparatory Academy has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $965K in total revenue.
Filing History
IRS 990 filing history for Prestige Preparatory Academy showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2017–2018), Prestige Preparatory Academy's revenue has grown by 19.5%, moving from $807K to $965K. Total assets decreased by 36.7% over the same period, from $59K to $38K. Total functional expenses rose by 10.1%, from $903K to $994K. In its most recent filing year (2018), Prestige Preparatory Academy reported a deficit of $29K, with expenses exceeding revenue. The organization holds $162K in liabilities against $38K in assets (debt-to-asset ratio: 432.4%), resulting in net assets of $-124,810.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $965K | $994K | $38K | $162K | — | View 990 |
| 2017 | $807K | $903K | $59K | $155K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prestige Preparatory Academy:
Data Sources and Methodology
This transparency report for Prestige Preparatory Academy 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.