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Precious Stones Academy Inc

EIN 46-3383748 · Houston, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceGood84 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

EMPOWER COMMUNITY BY EDUCATING CHILDREN

Income
$245,678
Spending
$336,787
Spent on programs
94%
Reserves
17.3 months of spending
Largest source of income
fees for its services, 97%
Employees
18
Highest pay
$73,179, secretary

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 51% of charities in its peer group (religion, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 17.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 37% of income.

  • Income trend

    0 of 15

    Income fell 75% on the year before.

  • Spending floor

    15 of 15

    94% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 84 out of 100. Higher than 89% of charities in its peer group (religion, under $250k).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $158,377 spent. OUR READ BY FIVE PROGRAM CONTINUES TO BE SUCCESSFUL AND AN IMPACTUFL ADD TO OUR PROGRAM. OUR MOST RECENT EVALUATION REFLECTED THAT CHILDREN GOING ENTERING SCHOOL ARE READING AT A FIRST GRADE LEVEL.
  2. $63,351 spent. THE COMPUTER LAB CONTINUES TO BE A SUCCESS IN OUR CENTER AND GROWING IN USAGE AND COMPREHENSION.
  3. $63,350 spent. PSA INC CONTINUES TO SERVE CHILDREN IN THE AFTERSCHOOL PROGRAM. WE OFFER TUTORING/HOMEWORK ASSISTANCE, PHYSICAL PLAY AND OTHER CREATIVE ACTIVITIES. DURING THE SUMMER PORTION OF OUR PROGRAM, OUR SAFETY PLAN INCLUDED PARTNERING WITH VARIOUS COMPANIES TO PROVIDE ON-SITE ACTIVITIES AND ENGAGEMENT. SUMMER 2024 WAS ENHANCED WITH A CONTRACT SUMMER TEACHER TO PROVIDE EDUCATIONAL CONTINUANCE WHILE KEEPING CHILDREN ENGAGED.
  4. $31,675 spent. PRECIOUS STONES ACADEMY WAS THE FIRST CENTER SELECTED FOR THE HARRIS COUNTY EARLY REACH PROGRAM IN 2023. THIS PROGRAM BETTER PREPARES 0-4 YEAR OLDS FOR SCHOOL WHILE PARENTS TUITION WAS FULLY COVERED. STAFF WAGES WERE INCREASED TO $15.00 PER HOUR, ALMOST DOUBLE THE MINIMUM WAGE IN TEXAS. THROUGH THE BENEFITS RECEIVED IN THIS PROGRAM, SEVERAL AMENITIES WERE IMPROVED SUCH AS, OUR PLAYGROUND, TODDLER PICNIC AREA AND PLAYGROUND. WE ALSO WERE ABLE TO SUPPORT OUR TEACHERS BY EXPANDING THEIR CHILD CARE CREDITIALS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2016 for not filing returns for three years, and reinstated on May 15, 2016.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.