Overview
What is Prince's Trust America Inc?
Prince's Trust America Inc is a nonprofit organization situated in New York City, New York. Their primary aim is to support the global mission of their parent organization, The Prince's Trust, based in the UK. This nonprofit focuses on addressing three significant global challenges: youth unemployment, low levels of secondary education completion, and rapidly changing populations. To address these issues, they help young people enhance their lives through collaborative ventures that provide practical solutions, such as improving confidence, preparing for employment, supporting education, or establishing businesses. During their fiscal year 2023, they garnered funds that were subsequently granted to The Prince's Trust. With a team of four dedicated individuals, Prince's Trust America Inc strives to contribute to the betterment of young people worldwide.
Official website here: www.princestrust.us
What are the reviews and ratings of this charity?
**Prince's Trust America Inc: 92% Rating from Charity Navigator**
Prince's Trust America Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong Accountability and Finance score. This high score indicates that the organization is well-managed in terms of financial practices and transparency. Notably, they have a fully independent board and maintain high standards for financial reporting, despite having a score for audit quality that could see improvement.
The organization exhibits strong program efficiency, allocating a substantial portion of its expenses directly to programs. Their fundraising efficiency is impressive, achieving an exceptionally low cost per dollar raised. While the absence of a document retention policy was noted, the overall financial health and governance structures are solid, ensuring that the organization is operating with integrity.
User reviews from GreatNonprofits were unavailable for analysis. However, the financial data and governance practices suggest that Prince's Trust America Inc is a trustworthy organization focused on effectively utilizing its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Prince's Trust America Inc legitimate?
Prince's Trust America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince's Trust America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $395,189
Professional Fundraising Fees: $56,029
Other Salaries and Wages: $71,411
For more financial information, click here
Official website here: www.princestrust.us
What is the mission statement of Prince's Trust America Inc?
Prince's Trust America Inc's mission is aligned with the global work of The Prince's Trust. Their primary goal is to assist young people in transforming their lives by developing essential skills, such as confidence and problem-solving abilities, enabling them to live, learn, and earn. In collaboration with partners, they aim to address three significant global challenges: high youth unemployment, low levels of secondary education completion, and rapidly changing populations. Their main focus is to improve young people's lives through practical solutions that lead to improved confidence, enabling them to excel in work, education, or entrepreneurship. During the fiscal year 2023, the organization raised funds that were granted to its parent organization, The Prince's Trust, based in the UK.
Official website here: www.princestrust.us
Who is the CEO of Prince's Trust America Inc?
Victoria Gore is the Chair of Prince's Trust America Inc. The CEO's salary of Prince's Trust America Inc is $114,525 and their total compensation is $114,949.
Official website here: www.princestrust.us
What is the revenue of Prince's Trust America Inc?
Prince's Trust America Inc's revenue in 2023 was $9,460,304.
Official website here: www.princestrust.us
Who are the executives of Prince's Trust America Inc and what are their salaries?
The average compensation at Prince's Trust America Inc during 2023 was $116,650. There are 4 employees and 6 volunteers at Prince's Trust America Inc.
Here are 8 key members and their salaries (Prince's Trust America Inc's CEO's salary is $114,525 and their total compensation is $114,949):
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- Compensation: $114,525
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- Other: $424
- Compensation: $176,448
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- Other: $28,614
Official website here: www.princestrust.us
Where can I find the form 990 for Prince's Trust America Inc?
Prince's Trust America Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.princestrust.us
Learn more at the official website: www.princestrust.us
Mission Statement of Prince's Trust America Inc
Prince's Trust America Inc is dedicated to assisting young individuals in transforming their lives. Their mission is aligned with the global work of The Prince's Trust, aiming to support this organization's efforts. The primary focus of Prince's Trust America Inc is to empower young people, helping them develop the confidence and necessary skills to live, learn, and earn.
The organization recognizes three significant global challenges that drive their work: youth unemployment, low levels of secondary education completion, and rapidly changing populations. In light of these challenges, Prince's Trust America Inc prioritizes helping young people improve their lives through partnerships that deliver practical solutions. These solutions equip young people for employment, support their education, or assist them in setting up businesses.
By fostering self-confidence and essential skills, Prince's Trust America Inc aims to contribute positively to society. Their efforts are geared towards addressing the pressing needs of young people and ensuring they have the tools to navigate the ever-evolving world. During their fiscal year 2023, the organization raised funds that were granted to its parent organization, The Prince's Trust, based in the UK.
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Impact
July, 2024
Prince's Trust America Inc helps young people transform their lives by developing the confidence and skills to live, learn, and earn. The organization addresses significant global challenges such as youth unemployment, low levels of secondary education completion, and rapidly changing populations. By partnering with other organizations, Prince's Trust America Inc focuses on improving the lives of young people through practical solutions that enhance confidence, skill-building for work, educational support, and assistance in setting up businesses. Through its efforts, the organization contributes to empowering young individuals to create a better future for themselves.
This information is meant to be a general summary of Prince's Trust America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,643
- Gross Receipts: $10,519,938
Assets and Liabilities:
- Total Assets: $8,524,693
- Total Liabilities: $1,089,619
- Net Assets: $7,435,074
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Organization Details
Founding Year
2018
Phone
(646) 768-7878Principal Officer
Victoria Gore
Main Address
45 W 27TH STREET 11TH FLOOR, NEW YORK, NY, 10001
Website
www.princestrust.usNTEE Category
Code: T30 - Philanthropy
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