Citadel of Praise and Worship Inc

Analysis

Citadel of Praise and Worship Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Citadel of Praise and Worship Inc reported income of $271k and spending of $297k, spending 110% of what it took in. Across the 5 years on record, from December 2017 to December 2021, income fell from $296k to $271k (-8.3%), an average of -2.1% a year. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Citadel of Praise and Worship Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Global Sharing ($271k), Transformation Network Incorporated ($271k) and Renovacion Carismatica Catolica Hispana de Chicago ($271k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (5.2% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.