Greater Temple of Praise Inc

Analysis

Greater Temple of Praise Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2000, 26 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 2022, Greater Temple of Praise Inc reported income of $195k and spending of $130k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $192k to $195k (+1.6%), an average of +0.8% a year. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Greater Temple of Praise Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Church of the Miraculous Medal Inc ($195k), Willingboro Muslim Educational Circle Wmec Non-Profit Corporation ($195k) and Progress and Joy ($194k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (23% of expenses). At year end it held assets of $143k against liabilities of $0, net assets of $143k.