Precious Promise Academy Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 5% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
Dedicated to the mental, physical and social development of children. Provide preschool programs that challenge and encourage children to achieve their fullest potential. (continued on schedule O, Statement 1)
- Income
- $3.1 million
- Spending
- $3.0 million
- Spent on programs
- 5%
- Reserves
- 10.4 months of spending
- Largest source of income
- fees for its services, 97%
- Employees
- 117
- Volunteers
- 0
- Highest pay
- $44,720, director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 73 out of 100. Higher than 57% of charities in its peer group (education, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 10.4 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 4% of income.
Income trend
10 of 15Income fell 1% on the year before.
Spending floor
0 of 155% of spending went to programs.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 38% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, 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 (3)
- $127,261 spent. School Program as described in Part III #1. Curriculum/ Teaching Supplies/ School Supplies / Uniforms: $82,814 Travel: $2,916 Advertisement $8,716 Utilities: $32,815
- $2,350 spent. Summer Program: We offer convenient for today's working parents while providing a Christ-centered environment. Each week during summer months is themed and we offer a plethora of indoor and outdoor activities like animal exhibits, planetarium, bounce houses and more. We also provide lunch to the students on Fridays. Our goal is to enrich the lives of our students and their families by offering a safe and fun environment throughout the summer months.
- $31,501 spent. Special Events Program: We offer a convience for working parents to involve the students in aftercare and extra-curricular activities while remaining in a Christ-centered environment. Various activities such as soccer, karate, ballet and much more to offer. Our goal is to provide a safe environment for students to continue to grow after school.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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.