Princes Trust America Inc

Organization Overview

Princes Trust America Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Princes Trust America Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princes Trust America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Princes Trust America Inc generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $5.1m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN & EARN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THERE ARE THREE SIGNIFICANT GLOBAL CHALLENGES THAT DRIVE THE WORK OF THE TRUST THE RISING LEVELS OF YOUTH UNEMPLOYMENT (OVER 70 MILLION); THE LOW LEVELS OF SECONDARY EDUCATION COMPLETION (264 MILLION CHILDREN AND YOUNG PEOPLE OUT OF SCHOOL) AND THE WORLD'S RAPIDLY CHANGING POPULATIONS (OVER HALF OF THE GLOBAL POPULATION IS NOW UNDER 30).IN LIGHT OF THAT, THE MAIN PRIORITY IS TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES THROUGH PARTNERSHIPS DELIVERING PRACTICAL SOLUTIONS THAT LEAD TO IMPROVED CONFIDENCE. THESE HELP SKILL YOUNG PEOPLE FOR WORK, SUPPORT THEM IN EDUCATION OR HELP THEM SET UP BUSINESSES.DURING FY22 THE ORGANIZATION RAISED FUNDS THAT WERE GRANTED TO ITS PARENT ORGANIZATION, PRINCE'S TRUST, A UK BASED ORGANIZATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,986,506
Noncash contributions included in lines 1a–1f $48,500
Total Revenue from Contributions, Gifts, Grants & Similar$7,986,506
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,039,225

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Princes Trust America Inc has recieved totaling $607,510.

Awarding OrganizationAmount
Deborah L Brice Foundation

New York, NY

PURPOSE: GENERAL PURPOSE CONTRIBUTION

$340,760
Morgan Stanley Foundation Inc

New York, NY

PURPOSE: VOLUNTEER INCENTIVE PROGRAM

$100,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$60,000
Guffey Family Foundation

Pennington, NJ

PURPOSE: UNRESTRICTED GENERAL

$50,000
Britton Family Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$46,750
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$10,000
View Grant Recipient Profile

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