Prayer and Share Ministries Inc

Analysis

Prayer and Share Ministries Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prayer and Share Ministries Inc reported income of $99k and spending of $99k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $99k (+19%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prayer and Share Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Ukirk Middle Tennessee State University ($99k), International Sports Academy LLC ($99k) and Mission Possible Christian Outreach Service Mission ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $31k. At year end it held assets of $6,470 against liabilities of $0, net assets of $6,470.